Invest-Gate launched its first-ever ACE Awards to honor exceptional achievements in Egypt’s real estate sector for 2023-2024. The grand event took place at The St. Regis Cairo, bringing together distinguished industry leaders, government representatives, and innovators who have shaped the real estate landscape in Egypt.
A Prestigious Jury Panel
The awards were evaluated by a prestigious panel of experts chaired by Mr. Amr Elkady, Founder and Managing Director of AKD Advisory. The panel included global professionals such as:
Ms. Ana Gazzara, Founder & CEO of Gazzara Global Group and Chairman of the Global Advisory Board at the ARAB MLS.
Mrs. Salwa Arfaoui, Regional Director of Net Level Real Estate and FIABCI member.
Eng. Abdel Nasser Taha, President & Founder of FIABCI Egypt.
John D. Mayfield, President of Mayfield Real Estate and Global Real Estate School.
Mr. Georg Ortner, Founder of Makler Service AG.
Eng. Vitaly Berezka, Regional Head at PlanRadar GmbH.
Mr. Mohammad Mousa, CEO of Innovation Experts Real Estate Institute.
Mr. Ayman Sami, Country Head of JLL Egypt.
Dr. Eng. Karim Shahin, National Projects Adviser at The Egyptian Cabinet of Ministers.
A Platform to Inspire Creativity and Collaboration
The event commenced with an inspiring speech by Ms. Safaa Abdel Bary, General Manager and Business Development Director of Invest-Gate. She highlighted that the awards are not just about recognizing success but also fostering creativity and collaboration in a sector critical to economic growth and community development.
Honoring Industry Leaders and Innovators
Individual Achievements
The ceremony paid tribute to Eng. Fathallah Fawzy, Vice Chairman of the Board of Directors and Head of the Construction and Building Committee of the Egyptian Businessmen Association, for his pivotal role in advancing the construction sector. His contributions were instrumental in the success of the event.
Recognition of Government Efforts
The Ministry of Housing, Utilities, and Urban Communities received recognition for its efforts in promoting urban development and achieving Egypt’s Vision 2030. Dr. Eng. Abdelkhalek Ibrahim, Deputy Minister, accepted the award and emphasized the ongoing challenge of sustaining success across both public and private sectors.
The New Administrative Capital (NAC) was honored as Smart City of the Year for its groundbreaking efforts in providing an integrated model of a smart city. Eng. Khaled Abbas, Chairman and Managing Director of the Administrative Capital for Urban Development (ACUD), highlighted the remarkable transformation of NAC from desert land to a thriving urban hub in just seven years.
Private Sector Contributions
Leading private developers were also recognized:
DORRA Developments and IGI Developments won the Pioneers in Real Estate Development Industry Award for their outstanding contributions to reshaping the Egyptian real estate market. The awards were presented to Eng. Mohamed Shalaby, CEO of DORRA Developments, and Eng. Sherif Moustafa, CEO of IGI Developments.
Award Categories and Winners
The awards were divided into three categories: Government-Related Entities, Multinational Entities, and Egyptian Entities. Winners were announced in alphabetical order within each category.
Government-Related Entities
Coastal Project of the Year: City Edge Developments for the Beachfront Towers project.
Retrofit Project of the Year: Misr Real Estate Assets Management for the Khedivial Cairo project.
Urban Regeneration Project of the Year: Urban Development Fund for the Governorate Capitals Development project (Dara).
Multinational Entities
Brand Consultant of the Year: Coldwell Banker Egypt.
Strategic Partnership Leader of the Year: Adeer International.
Sustainable Initiative of the Year: Schneider Electric.
Egyptian Entities
Administrative Project of the Year: PARAGON Developments.
Architecture Innovation of the Year (tie): Madinet Masr and ORA Developers Egypt.
Branded Residences Project of the Year: ALDAU Development.
Commercial Project of the Year: REDCON Properties.
Expansion Achievement of the Year: RED-Real Estate Domain.
Heritage Project of the Year: Madinet Masr.
Industrial Project of the Year: Polaris Parks.
Innovative Construction Project of the Year: Orascom Construction.
Mixed-Use Project of the Year Inside Cairo: MARAKEZ.
Outdoor Campaign of the Year: Gates Developments.
PropTech Broker of the Year: Emtelaak.
PropTech Solution of the Year: VOOM.
Rising Star in Asset Management of the Year: MINT Real Estate Assets.
Rising Star of the Year: IL Cazar Developments.
Skyscraper Innovation of the Year: Nile Developments.
TV Commercial of the Year: Hyde Park Developments.
Online Voting Winners
Creative Brand Communication of the Year: Wadi Degla Developments.
Outstanding Real Estate Product of the Year: TLD – The Land Developers.
Industry Praise and Acknowledgment
Mr. Amr Elkady, head of the jury, highlighted that the Invest-Gate ACE Awards redefine the standards of success in real estate. He praised REDCON Properties for achieving the highest scores across all award categories, setting a new benchmark in innovation and excellence.
Sponsors and Partners
The Invest-Gate ACE Awards were supported by leading sponsors:
Master Sponsor: MIDAR.
Official Sponsors: Gates Developments, IGI Developments, ORA Developers Egypt, and ALDAU Development.
Platinum Sponsor: DORRA Developments.
Gold Sponsors: Schneider Electric and Coldwell Banker Egypt.
Silver Sponsors: RED-Real Estate Domain, Adeer International, and Wadi Degla Developments.
The Invest-Gate ACE Awards 2024 not only celebrated the remarkable achievements in Egypt’s real estate sector but also set the stage for future innovation and collaboration. By honoring pioneers, government entities, and private developers, the event showcased the sector’s vital role in shaping Egypt’s economic and urban landscape.
