Tamer Saad Al Wazzan is a prominent figure in the Egyptian real estate market. With over 67 years of experience in the field, he has established himself as a respected leader in the industry. Al Wazzan is the Chairman of the Board of Directors of Tameer, a real estate development company that has launched several successful projects in Egypt.
Under Al Wazzan’s leadership, Tameer has focused on providing innovative, modern administrative and commercial solutions that give customers safe investment opportunities in environment-friendly communities. The company’s strategy depends on its historical culture and philosophy of respect for values and human beings, with a focus on developing urban communities to serve the community first. One of Tameer’s recent projects is the Urban Business Lane in New Cairo, which aims to provide a modern and innovative solution for commercial and administrative spaces in the city.
Al Wazzan’s extensive experience and leadership have helped Tameer maintain its credibility in the Egyptian real estate market. His commitment to providing safe investment opportunities and developing environment-friendly communities has made him a respected figure in the industry. This article will explore Al Wazzan’s background, accomplishments in the Egyptian real estate market, and Tameer’s recent projects and future plans.
Profile of Tamer Saad Al Wazzan
Tamer Saad Al Wazzan is a prominent Egyptian businessman and investor who has significantly contributed to the business world. He currently serves as the Chairman of the Board of Directors of a leading investment company in Egypt.
Career and Achievements
Tamer Saad Al Wazzan has had an illustrious career in investment. He has been instrumental in the growth and success of the company he currently heads. Under his leadership, the company has expanded its operations and achieved impressive financial results.
Tamer Saad Al Wazzan has also held various other positions in the past, including senior executive roles in multinational companies. He has gained valuable experience and expertise in finance, investment, and business strategy.
Educational Background
Tamer Saad Al Wazzan holds a Bachelor’s degree in Commerce from Kuwait University. He has also attended several prestigious executive education institutions, including IMD—Switzerland, The Wharton School of the University of Pennsylvania, and Harvard Business School.
His educational background has given him a strong foundation in business and finance, which he has leveraged to succeed in his career.
In conclusion, Tamer Saad Al Wazzan is a highly accomplished businessman and investor who has significantly contributed to the business world. His extensive experience and education have equipped him with the knowledge and skills to excel in his field.
Tameer’s Role in Egypt’s Real Estate Development
Overview of Tameer
Tameer Egypt is a leading real estate development company that has been shaping Egypt’s real estate landscape for decades. Established in 1954 as a government-owned organization, Tameer has played a pivotal role in developing Egypt’s real estate market. Over the years, it has gained recognition as the first entity in Egypt dedicated to constructing affordable homes for the Egyptian people.
Under the leadership of Saad Al Wazzan, Tameer has become a prominent developer in the country. The company focuses on providing the highest-quality housing units, apartments, and penthouses. The company has served three generations of customers and developed the real estate market in Egypt.
Impact on the Real Estate Sector
Tameer’s contribution to the development sector in Egypt has been significant. The company has constructed numerous residential and commercial complexes, including the recently launched AZ Homes project. This project features stunning indoor and outdoor urban design and provides fully finished and semi-furnished apartments with ACs and kitchen cabinets, ensuring modernization and quality.
Tameer’s impact on the real estate sector in Egypt has been immense. With over 67 years of experience in the Egyptian real estate market, the company has maintained its credibility and reputation for delivering some of the country’s most celebrated and renowned architectural landmarks. Tameer’s focus on constructing affordable homes for the Egyptian people has helped to bridge the gap between supply and demand in the real estate sector.
In conclusion, Tameer Egypt, under the leadership of Saad Al Wazzan, has played a significant role in developing Egypt’s real estate market. The company’s commitment to providing affordable homes of the highest quality has helped modernize and improve the country’s real estate sector.
Key Projects Led by Tamer Saad Al Wazzan
Azad Views and Its Significance
Tamer Saad Al Wazzan has led several significant projects, one of which is Azad Views. This mixed-use development includes commercial, administrative, and residential units. It is located in the 5th Settlement area in New Cairo, Egypt, and covers an area of 60,000 square meters.
Azad Views continues the successful Azad 1 project, which started in 2018 and sold all units. The project is expected to be completed by 2025 and includes 830 units. The units are designed based on the G+4 system, and each unit has a private underground garage.
The project’s location in the 5th Settlement area makes it an attractive investment opportunity for those who seek luxury living in a prime location. The price of the units is competitive, considering the project’s location and the facilities it provides.
Expansion into the New Administrative Capital
Tamer Saad Al Wazzan has expanded into the New Administrative Capital (NAC) with two significant projects, Diyar 1 and Diyar 2. Diyar 1 is a mixed-use project that includes residential, commercial, and administrative units. It covers an area of 66,000 square meters and is located in the heart of the NAC.
Diyar 2, on the other hand, is a purely residential project covering 35,000 square meters. It is located in the NAC’s R7 district and includes 320 residential units.
The NAC’s strategic location and the government’s support make it an attractive investment opportunity for Tamer Saad Al Wazzan and other investors. The projects aim to meet the needs of modern living, and the units are priced competitively.
In conclusion, Tamer Saad Al Wazzan has led several significant projects in Egypt, including Azad Views, Diyar 1, and Diyar 2. These projects are created to meet the needs of modern living and offer competitive prices. The projects’ strategic locations make them attractive investment opportunities for those who seek luxury living in prime locations.
Strategic Partnerships and Collaborations
Tamer Saad Al Wazzan, the Chairman of Tameer, has always been keen on forming strategic partnerships and collaborations to expand the company’s reach and enhance its services. Over the years, Tameer has signed several agreements with various entities that have helped the company grow and diversify its portfolio.
YBA Consultancy
One of Tameer’s strategic partners is YBA Consultancy, a leading consulting firm in Egypt. In 2019, Tameer signed an agreement with YBA Consultancy to provide the company with financial and legal advisory services. The partnership has been instrumental in helping Tameer navigate the complex regulatory environment in Egypt and expand its operations.
Nafaes Holding and Athman Investment Company
Tameer has also formed strategic partnerships with Nafaes Holding Company and Athman Investment Company, two prominent Middle Eastern investment firms. These partnerships have enabled Tameer to access new sources of funding and expand its reach in the region.
Under the leadership of Tamer Saad Al Wazzan, Tameer has also collaborated with industry experts such as Alaa Anwar and Yasser El Beltagy to develop innovative real estate projects that cater to the needs of the Egyptian market.
Tameer’s commitment to forming strategic partnerships and collaborations has helped the company become a leading player in the Egyptian real estate market. With a strong focus on creativity and customer satisfaction, Tameer is well-positioned to continue its growth trajectory in the future.
Innovative Practices in Real Estate
Adoption of the G+4 System
Tamer Saad Al Wazzan has been at the forefront of innovation in the real estate industry in Egypt. One of the most notable innovations he has introduced is the adoption of the G+4 system in construction. This system involves using precast concrete panels manufactured off-site and then transported to the construction site. The panels are then assembled on-site to form the structure of the building. This system has several advantages over traditional construction methods, including faster construction times, lower costs, and improved quality.
Sustainable Development Initiatives
Tamer Saad Al Wazzan is also dedicated to sustainable development and has implemented several initiatives to minimize the environmental impact of his projects. One of the most notable initiatives is the use of green building materials and technologies, including energy-efficient lighting, solar panels, and water-saving fixtures. In addition, Tamer Saad Al Wazzan has implemented recycling programs on his projects to reduce waste and promote sustainability.
Overall, Tamer Saad Al Wazzan’s innovative practices in real estate have set a new standard for quality and sustainability in the industry. His adoption of the G+4 system and sustainable development initiatives have not only improved the efficiency and quality of his projects but also reduced their environmental impact.
Economic Contributions and Market Dynamics
Tamer Saad Al Wazzan has played a significant role in Egypt’s economic equation through his investment and expansion of the retail and healthcare sectors. His contributions have helped to drive economic growth in the country and create new job opportunities.
Influence on Egypt’s Economic Equation
Tamer Saad Al Wazzan’s investments in various sectors have contributed to the stability and growth of the Egyptian economy. He has been instrumental in expanding the retail and healthcare sectors, creating new job opportunities, and driving economic growth in the country.
Expansion of Retail and Healthcare Sectors
Tamer Saad Al Wazzan’s investments in the retail and healthcare sectors have been particularly significant. He has expanded the retail industry by investing in various retail chains, including supermarkets, hypermarkets, and convenience stores. This has not only created new job opportunities but also increased consumers’ access to affordable goods.
In the healthcare sector, Tamer Saad Al Wazzan has invested in hospitals, clinics, and medical centers, providing access to quality healthcare services for the people of Egypt. His investments have also created new job opportunities in the healthcare industry.
Overall, Tamer Saad Al Wazzan’s contributions to the Egyptian economy have been significant, particularly in retail and healthcare. His investments have helped drive economic growth, create new job opportunities, and improve consumers’ access to goods and services.
Tamer Saad Al Wazzan’s Vision for the Future
Tamer Saad Al Wazzan is a visionary leader who has been actively involved in the real estate, construction, healthcare, education, and retail sectors for over thirty years. He has a clear vision for the future centered on modernizing and advancing the MENA region.
Educational and Healthcare Developments
Tamer Saad Al Wazzan believes that education and healthcare are the two most important sectors that require significant attention and investment. He envisions the establishment of world-class educational institutions and hospitals that will provide the highest quality of education and healthcare services to the people of the MENA region.
Tamer Saad Al Wazzan has been actively investing in the education and healthcare sectors to achieve this vision. He has supported the establishment of new educational institutions and hospitals and the modernization and expansion of existing ones.
Advancing the MENA Region’s Real Estate
Tamer Saad Al Wazzan’s vision for the future also includes advancing the real estate sector in the MENA region. He believes that the sector has the potential to drive economic growth and provide new job opportunities.
To achieve this vision, Tamer Saad Al Wazzan has been investing in the development of new real estate projects to meet the needs of the people of the MENA region. He has been focusing on the development of affordable housing projects and commercial and retail projects that will create new business opportunities.
In conclusion, Tamer Saad Al Wazzan’s vision for the future focuses on modernizing and advancing the MENA region. He believes that education, healthcare, and real estate are the key sectors requiring significant attention and investment. By investing in these sectors, Tamer Saad Al Wazzan aims to create a better future for the people of the MENA region.
Investment Opportunities and Payment Plans
Diverse Portfolio for Investors
Tamer Saad Al Wazzan Egypt offers a diverse portfolio of investment opportunities in the Egyptian real estate market. The company has a proven track record of over 67 years in the industry and has established itself as a trusted name. Investors can choose from various residential and commercial properties across different locations in Egypt.
The company’s projects aim to cater to the needs of different market segments, from affordable housing to luxury properties. This ensures investors have various options depending on their investment goals and financial planning.
Flexible Payment Options
Tamer Saad Al Wazzan Egypt provides flexible payment options to investors, making it more accessible easier for them to invest in the company’s projects. The company offers different payment plans, including installment plans and down payment options, to suit the needs of various investors.
Investors can also benefit from the company’s partnerships with leading financial institutions in Egypt, which provide financing options for those who require them. This ensures investors can invest in the company’s projects without worrying about financial constraints.
Overall, Tamer Saad Al Wazzan Egypt provides investors various investment opportunities and flexible payment options. With its diverse portfolio of projects and proven track record in the industry, the company is a reliable choice for those looking to invest in the Egyptian real estate market.
Project Details and Amenities
Residential Properties
Tamer Saad Al Wazzan’s latest project, Azad Views, is a sprawling 40-acre residential property in New Cairo. The project is an extension of Azad 1, another Tamer Saad Al Wazzan development. Azad Views will comprise 830 units spread across three phases, including apartments and penthouses with private underground garages.
The project boasts several amenities to cater to residents’ needs. These include private gardens and public parks, dedicated walking, running, and cycling tracks, and 24/7 security and guarding service. In addition, the project provides house cleaning and labor services to residents.
The units in Azad Views come in different sizes and configurations. The first type starts from 153 m², the second type starts from 115 m², and the third type starts from 198 m². All units have varying numbers of bedrooms and bathrooms, depending on their size and configuration.
Commercial and Mixed-Use Spaces
In addition to the residential properties, Tamer Saad Al Wazzan’s Azad development also includes commercial and mixed-use spaces. The Azad project covers 55 acres and hosts 1,700 diversified units, green spaces, and many amenities, including a community center and a pool. Since delivery began in 2020, 500 units have been completed.
The Diar II project covers 70 acres of land, including around 2,300 units. The first phase was sold, built, and delivered by the end of 2019. The project comprises commercial and mixed-use spaces, including retail shops, restaurants, and cafes.
Overall, Tamer Saad Al Wazzan’s projects aim to provide residents with a high-quality living experience. The properties are equipped with modern amenities and are located in prime locations that offer easy access to critical areas in the city.
Geographical Footprint
Tamer Saad Al Wazzan Egypt has a strong geographical footprint, focusing on the New Cairo and the New Administrative Capital areas. The company’s presence in these areas has been steadily growing, and it has become one of the top real estate developers in the region.
Presence in New Cairo
Tamer Saad Al Wazzan Egypt has a significant presence in New Cairo, particularly in the 5th Settlement area. The company has developed a number of residential projects in this area, including the Azad Views project, which is spread over 40 acres. The project comprises 830 units, including apartments and penthouses with private underground garages. It is an extension of Azad 1, which was also developed by Tamer Saad Al Wazzan Egypt.
The company’s projects in New Cairo are strategically located near major landmarks such as the American University, making them an attractive option for students and faculty members.
Expansion to the New Administrative Capital
Tamer Saad Al Wazzan Egypt is also expanding its footprint to the New Administrative Capital, located on South Teseen Road. The company has announced plans to develop some residential and commercial projects in this area, which will become the country’s central business and administrative hub.
The company’s expansion to the New Administrative Capital is part of its long-term growth strategy, which aims to capitalize on the growing demand for high-quality real estate in Egypt. Tamer Saad Al Wazzan Egypt is committed to delivering projects that meet the needs of its clients while contributing to developing the country’s economy.
Overall, Tamer Saad Al Wazzan Egypt has established a strong presence in the Egyptian real estate market, and its focus on New Cairo and the New Administrative Capital areas is expected to drive its future growth.
Cultural and Heritage Considerations
Incorporating Egyptian Heritage
Tamer Saad Al Wazzan Egypt understands the importance of preserving and promoting Egypt’s rich cultural heritage. He believes incorporating Egyptian heritage into modern designs and developments is essential to maintaining the country’s identity and unique character.
To achieve this, Tamer Saad Al Wazzan Egypt collaborates with local artisans and craftsmen to incorporate traditional Egyptian elements into his designs. He also ensures his projects comply with cultural heritage regulations and guidelines to preserve the country’s historical landmarks and monuments.
Influence on Local Communities
Tamer Saad Al Wazzan Egypt’s cultural and heritage considerations approach also involves empowering and supporting local communities. He believes involving local communities in the development process can create a sense of ownership and pride in their cultural heritage.
Through his projects, Tamer Saad Al Wazzan Egypt provides job opportunities for local workers and encourages using locally sourced materials. He also collaborates with community leaders and organizations to ensure his projects benefit and support the local community.
Overall, Tamer Saad Al Wazzan Egypt’s commitment to cultural and heritage considerations reflects his respect and appreciation for Egypt’s rich history and culture. By incorporating traditional elements into modern designs and empowering local communities, he strives to preserve and promote Egypt’s cultural heritage for future generations.
International Relations and Global Reach
Tamer Saad Al Wazzan’s business ventures have a strong international presence. They focus on creating strategic partnerships and expanding outreach to the MENA region.
Kuwait-Egypt Real Estate Synergy
As the founder and Chairman of Kout Capital, Tamer Saad Al Wazzan has leveraged his extensive experience in the real estate sector to create a synergy between Kuwait and Egypt. Kout Capital has invested in several real estate projects in Egypt, including the Mall of Egypt, one of the country’s largest shopping centers. This investment has not only helped to boost Egypt’s economy but has also strengthened the ties between the two countries.
Outreach to the MENA Region
Tamer Saad Al Wazzan’s outreach to the MENA region has been critical to his success. He has actively pursued strategic partnerships and investments in various sectors, including healthcare, education, and retail. His investments in the MENA region have helped create jobs, stimulate economic growth, and fostered stronger ties between nations.
Tamer Saad Al Wazzan’s global reach and commitment to international partnerships have made him a respected figure in the business world. His focus on building solid relationships and investing in critical sectors has benefited his business ventures, helped strengthen ties between nations, and promoted economic growth.
Accounting and Financial Transparency
Tamer Saad Al Wazzan Egypt is famous for his expertise in local and global markets in the real estate, construction, healthcare, education, and retail sectors. His leadership style focuses on transparency and financial accountability.
In line with this, Tamer Saad Al Wazzan Egypt believes that accounting and financial transparency are crucial for the success and growth of any organization. He emphasizes the importance of accurate and timely financial reporting for making informed business decisions.
To achieve this, Tamer Saad Al Wazzan Egypt promotes a culture of openness and honesty within his organizations. He encourages his employees to report any financial irregularities or discrepancies and ensures appropriate measures are taken to address them.
Furthermore, Tamer Saad Al Wazzan Egypt believes that financial transparency is important for both internal and external stakeholders, such as investors and customers. He understands that transparency builds trust and credibility and is essential for maintaining long-term relationships with stakeholders.
In summary, Tamer Saad Al Wazzan Egypt recognizes the importance of accounting and financial transparency in today’s business environment. He believes that transparency is a moral imperative and a strategic advantage that can help organizations reach their goals and create lasting relationships with stakeholders.
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Frequently Asked Questions
Who is Tamer Saad Al Wazzan, and what is his connection to the business landscape in Egypt?
Tamer Saad Al Wazzan is a prominent Egyptian businessman with over 67 years of experience in the real estate market. He is the Chairperson of Tameer, Egypt’s leading real estate developer. Al Wazzan has played a significant role in shaping the business landscape in Egypt, particularly in the real estate sector.
What are the notable business ventures or projects associated with Tamer Saad Al Wazzan in Egypt?
Al Wazzan has been associated with several notable business ventures and projects in Egypt. One of the most significant projects is the Azad Views project in New Cairo, launched by Tameer in 2024. The project includes 830 units and will be completed by 2025. Al Wazzan has also engaged in the Azad 1 project, launched in 2018 and sold all units.
Has Tamer Saad Al Wazzan been involved in significant partnerships or collaborations with Egyptian companies?
Al Wazzan has engaged in several significant partnerships and collaborations with Egyptian companies. One notable example is the financing agreement signed between Banque du Caire and Tameer, which amounted to approximately EGP 1 billion. The deal was signed to finance Tamer’s real estate projects.
What impact has Tamer Saad Al Wazzan had on Egypt’s economic development?
Al Wazzan has significantly impacted Egypt’s economic development, particularly in the real estate sector. His contributions to the industry have created job opportunities and boosted the economy. Additionally, his philanthropic initiatives have helped improve many Egyptians’ living standards.
Are there any philanthropic initiatives or community projects led by Tamer Saad Al Wazzan in Egypt?
Al Wazzan has engaged in several philanthropic initiatives and community projects in Egypt. For example, the Al Wazzan Foundation was established to support education and healthcare in Egypt. Moreover, the foundation has provided scholarships to students and supported the development of hospitals and healthcare facilities.
Has Tamer Saad Al Wazzan received any awards or recognitions for his work in Egypt?
Al Wazzan has received several awards and recognition for his work in Egypt. One notable recognition is the Order of Merit, which was awarded to him by the President of Egypt in 2017. The award recognized his contributions to the real estate sector and philanthropic initiatives.
