Tatra Developments has launched its new company in Egypt under the name T Developments, marking the group’s entry into a new phase of operations in the Egyptian real estate market.
The company said T Developments will build on Tatra’s more than 20 years of experience in the Kuwaiti market, where the group has developed a portfolio of around 40 real estate projects across the residential, medical, administrative, investment, and hospitality segments.
The group’s portfolio in Kuwait has a value of more than KWD 35m, according to the company.
Tatra also operates companies involved in construction, building maintenance, air conditioning, and plumbing works as part of its broader real estate and construction activities.
Sayed Othman, Chairperson of Tatra Developments, said the company’s entry into the Egyptian market represents a new phase for the group, with plans to develop projects based on contemporary designs and construction standards.
He said Tatra selected the New Capital as the starting point for its Egyptian operations, citing the city’s development and investment activity.
According to the company, its team has also participated in the development of around 20 real estate projects in Egypt.
Wael Othman, CEO of Tatra Developments, said the launch of T Developments is intended to introduce the group to the Egyptian market under a new brand identity while building on its track record in Kuwait.
He added that the company plans to draw on its experience in Kuwait and its network of engineering and technical partnerships as it expands its activities in Egypt.
Ahmed Badawy, Sales Director at T Developments, said the company plans to build a project portfolio covering up to 400,000 sqm in Egypt.
T Developments’ expansion plans will focus on new urban communities, with the company assessing opportunities to develop residential and other real estate projects as it builds its presence in the Egyptian market.
