Q Developments hosted its 2025 annual event at a prestigious hotel in Cairo to commemorate its successes over the past year, honor its team and success partners, and unveil its future plans for investment, sales, and expansion.
The event was graced by the presence of Eng. Ahmed Thabet, CEO of Q Developments, alongside board members and major stakeholders, including Sherif Helew, Hisham El-Danasoury, and Mohamed Farag.
The celebration featured the distribution of awards recognizing leadership, innovation, efficiency, and dedication. These awards were given to employees who delivered outstanding contributions to the company’s success in 2024. Top sales performers and high achievers from various departments were also honored.
A highlight of the event was the announcement of a special reward: a group of employees, nominated by managers and peers, were selected to receive an all-expenses-paid Umrah trip with the company’s management. For non-Muslim employees or those unable to participate, a financial equivalent of the trip was offered. Sherif Helew stated that the trip is planned for the upcoming Ramadan, showcasing Q Developments’ commitment to rewarding its team members and strengthening its relationship with them.
Sherif Helew Reflects on the Journey and Vision of Q Developments
During his speech, Sherif Helew reflected on his 25-year journey in the real estate sector, which began as a real estate broker and grew into a portfolio of successful companies specializing in development, construction, and contracting.
He described Q Developments as the “youngest member” of his ventures, founded to serve a significant segment of the Egyptian market, representing 40% of the country’s purchasing power. He highlighted the company’s ability to provide high-quality real estate products at competitive prices with flexible payment options, allowing it to thrive in an ever-changing market.
Helew expressed his confidence in the company’s team, stating that their hard work and dedication have positioned Q Developments for further expansion with new projects that will enrich and diversify its portfolio.
Rapid Progress and Strategic Partnerships
Eng. Ahmed Thabet, CEO of Q Developments, shared the company’s milestones since its inception in April 2023. The first project, “Q North,” was launched in Sidi Abdelrahman in July 2023, followed by the groundbreaking of “Q San Stefano” in Alexandria in December 2023.
In March 2024, Q signed agreements with global partners, including Crystal Lagoons for water feature development in “Q North” and Accor Hotels to manage the on-site hotel under the “Novotel” brand. This marked Novotel’s debut in Egypt’s North Coast.
In November 2024, the company announced its first project in New Zayed, “Q Hills,” followed by the ahead-of-schedule delivery of “Q San Stefano” in December 2024.
By January 2025, “Q North” was progressing ahead of schedule, with significant milestones achieved:
45% of the concrete structure for the first phase completed.
40% of foundation waterproofing finalized.
35% of masonry work done.
25% of plastering work completed.
This progress positions the company to deliver fully furnished and finished units to clients earlier than scheduled.
Future Investments and Gulf Expansion
Eng. Ahmed Thabet revealed that Q Developments’ land portfolio now stands at 260 feddans across the North Coast and New Zayed. The company has invested EGP 22 billion to date, with plans to increase this figure by an additional EGP 12 billion, reaching a total of EGP 34 billion in investments by 2025.
He also announced Q Developments’ plans to expand into Gulf markets, with new projects and partnerships set to be disclosed in the near future.
Key Achievements at a Glance
Land Portfolio: 260 feddans in prime locations.
Investments to Date: EGP 22 billion, with plans to reach EGP 34 billion in 2025.
Major Projects: “Q North” in Sidi Abdelrahman, “Q San Stefano” in Alexandria, and “Q Hills” in New Zayed.
Strategic Partnerships: Collaborations with Crystal Lagoons and Accor Hotels.
Commitment to Excellence: Ahead-of-schedule progress across all projects.
Q Developments continues to establish itself as a leading player in the Egyptian real estate market, committed to delivering quality, innovation, and customer satisfaction while preparing for strategic expansions regionally.
