IGI Developments, a leading real estate company in Egypt, has signed construction contracts valued at EGP 1.8bn to accelerate the delivery of nearly 1,000 residential units across its ongoing projects by the end of 2025. The contracts were awarded to a number of prominent contractors, including Grid, Ginza, and Mydo, reinforcing the company’s commitment to timely project completion and a strong focus on construction operations.
As part of its expansion strategy, IGI Developments is finalizing the design for a new mixed-use project in Waset Dahshur, 6th of October City. Spanning 16,000 sqm, the development will include administrative offices, medical clinics, and retail spaces, further diversifying the company’s portfolio.
IGI Developments’ existing projects combine residential, commercial, administrative, medical, and recreational components. A notable example is City Central, located within the Ashgar City development in 6th of October City. This integrated hub features retail outlets, restaurants, cafés, offices, and clinics—all within a single destination.
To ensure sustained property value and maximize investment returns, the company has established a dedicated urban management arm, Tashghil, which oversees community services across all its developments.
In addition, IGI Developments has introduced a new financial offering, the “BuyBack 30%” plan, allowing clients to resell their units to the company after two years with a guaranteed 30% return. This offering will be showcased at Cityscape Egypt, alongside flexible payment plans that include a 5% down payment and installment periods of up to 12 years.
Sherif Mostafa, CEO and Managing Director of IGI Developments, emphasized the company’s legacy of over 30 years in delivering residential communities across East and West Cairo. He noted that IGI’s developments are designed to provide integrated urban experiences supported by a wide range of services and amenities.
“The recent steps we’ve taken—from expanding into new sectors and enhancing construction activities, to launching innovative client offerings like the BuyBack programme—are all part of our strategy to offer smart investment solutions and support Egypt’s broader urban development goals,” Mostafa said. “Despite economic fluctuations, the real estate sector continues to demonstrate resilience and remains attractive to both local and foreign investors.”
Among IGI Developments’ flagship projects are Ashgar Heights, which includes the Starla and Skyla phases, as well as the final phase of the Ashgar project, Jada, known for its comprehensive facilities. The wider Ashgar City development features the strategically located GardenGate district on the Oasis Road.
Other major residential projects include Gardenia Park, Gardenia Park II, and Gardenia Springs—all characterized by contemporary design and expansive green landscapes. Looking ahead, the company plans to launch several new commercial, hospitality, and mixed-use projects as part of its ongoing pursuit of strategic investment opportunities and market expansion.
