Established in 1954 in the public real estate sector and currently listed on CASE. The Company’s principal activities focus on the development of residential units for low-to-mid income Egyptian families, whilst offering consultancy towards urban planning projects.
Watheeqa identified the potential of the Company and has aligned its operations, policies and performance towards the stakeholder’s expectations in the private sector, greatly assisting the Company with its transition from the public to the private real estate sector.
The promise to deliver value drives the organization at every operational phase. As such, the Company identifies development zones and works with reputable architects, contractors and project managers to bring the project to life.
As of December 31, 2007 Watheeqa’s direct and indirect equity stake was in excess of 40% and the Company’s total assets were approximately USD 46.75 million.
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