Arab Developers Achieves Record-Breaking $110.8 Million in 2023 Sales, Turns Profitable!
Arab Developers Holding (ADH) has achieved remarkable milestones in 2023, recording contractual sales of EGP 5.3 billion, a substantial increase of 203% from EGP 2.6 billion in 2022. This impressive growth reflects the company’s strategic direction and operational excellence, positioning ADH as a key player in the real estate sector.
One of the significant achievements of ADH in 2023 was its return to profitability, marking a net profit of EGP 100 million compared to a net loss of EGP 18 million in the previous year. This turnaround underscores ADH’s commitment to financial stability and sustainable growth.
In 2023, ADH successfully sold 1,819 units and delivered 654 units, demonstrating its strong market presence and customer satisfaction. This success is attributed to ADH’s long-term strategic plan, which focuses on developing its existing project portfolio and accelerating implementation rates while maintaining the highest quality standards.
Ayman Khalifa, CEO of ADH, stated, “We have developed a long-term strategic plan to develop our existing project portfolio by doubling our annual investment volume to accelerate implementation rates while adhering to the highest quality standards.” Khalifa highlighted ADH’s commitment to completing the development of the Dead Sea project and initiating the Agadir Project once official procedures are finalized.
Moreover, ADH is actively exploring new investment opportunities to expand its land portfolio, with plans to acquire new lands in New Cairo and the North Coast. These strategic initiatives aim to strengthen ADH’s market position and drive sustainable growth in the future.
About Arab Developers Holding (ADH):
ADH is a leading real estate developer in Egypt, known for its commitment to excellence and innovation in the industry. With a strong track record of delivering high-quality projects, ADH remains a trusted choice for customers seeking premium real estate solutions.