QORE Officially Launches in the Egyptian Market and Unveils “Maydan” in 6th of October City as Part of EGP 30 Billion Investment Plan

QORE Signs Strategic Partnerships with Inversion, Hafez Consultants and TSM Asset Management to Support the Development and Operation of “Maydan”

QORE announced its official launch in the Egyptian market and its entry into the real estate development sector for the first time, building on more than three decades of experience in construction, infrastructure, and manufacturing. The company aims to leverage its accumulated expertise and capabilities to establish an integrated real estate development platform that supports its growth and expansion plans in the coming period.

As part of its launch, QORE unveiled “Maydan,” its first real estate development project in 6th of October City. The company also announced the signing of a series of strategic partnerships with Inversion, Hafez Consultants, and TSM Asset Management, bringing together specialized expertise across investment planning, project development, engineering design, asset management, operations, and retail.

The partnerships are part of QORE’s strategy to establish an integrated development and operational framework for “Maydan” from its earliest stages. Inversion will provide advisory services and support the project’s development and investment strategy, while Hafez Consultants will oversee engineering consultancy and design. TSM Asset Management will be responsible for asset management, operations, commercial activities, and retail strategy.

QORE has already commenced construction works on “Maydan,” reflecting the company’s execution capabilities and readiness to advance the project in line with its targeted development schedule.

As part of its expansion strategy in the real estate development sector, QORE plans to invest EGP 30 billion, supported by strong financial capabilities and a funding model that relies significantly on its own resources. This enables the company to finance between 30% and 40% of construction costs through self-funding, reducing the project’s dependence on sales proceeds

QORE also benefits from the accumulated expertise and capabilities of the wider group from which it originates, comprising 19 companies operating in Egypt and abroad across a range of complementary sectors. This provides the company with extensive technical and operational expertise in construction, infrastructure, manufacturing, project management, and execution.

The company also draws on a track record of more than 100 projects across Egypt and the region, supported by a workforce of more than 1,555 professionals. These capabilities provide a strong foundation for QORE’s transition from construction and project execution into the development, operation, and management of integrated real estate projects.

Commenting on the launch, Eng. Medhat Sayed Abdel Hafiz, CEO of QORE, said:

“The launch of QORE marks the beginning of a new chapter in which we are bringing more than three decades of integrated expertise and capabilities in construction, infrastructure, and manufacturing into the real estate development sector. We are targeting EGP 30 billion in investments, supported by strong financial capabilities that enable us to maintain our targeted pace of execution. We have already commenced construction works on Maydan as the first step in implementing this strategy.”

Eng. Mohamed Diab, CEO of Inversion, added:

“The success of any project begins with proper planning and a clear understanding of market needs from the earliest stages. This is what we are working to achieve at Maydan by developing a model that combines investment vision, a diversified mix of uses, user experience, and operational efficiency, strengthening the project’s ability to generate sustainable investment value while supporting QORE’s growth plans during the coming period.”

“Maydan” is being developed on a land area of approximately 10,000 square meters, with a total built-up area of around 30,000 square meters and a planned development period of three years. The mixed-use project will feature commercial spaces, administrative offices, and medical clinics, creating an integrated destination designed to serve companies, business owners, investors, and users in 6th of October City.

QORE’s business model is based on integration across development, construction, infrastructure, manufacturing, and operations. The company draws on extensive capabilities spanning general contracting, ready-mix and precast concrete, aluminum manufacturing and solutions, architectural systems, and interior solutions, enhancing its ability to maintain greater control over quality, resources, and execution efficiency from the earliest stages of a project through to final delivery.

The wider group’s track record spans a diverse range of sectors, including infrastructure and utilities, healthcare facilities, sports and community developments, administrative, commercial and residential projects, tourism, hospitality and hotels, as well as industrial and manufacturing projects.

The group’s portfolio includes contributions to several major developments and facilities, including 500 500 Hospital in Sheikh Zayed City, Dr. Hassan Mostafa Sports Halls Complex in 6th of October City, Nasser Institute, and the High Court of Appeal in the City of Justice, reflecting the diversity of its technical and execution expertise and its ability to deliver large-scale projects across multiple sectors.

QORE’s vision is built around the principles of simplicity, quality, and long-lasting design, with a focus on developing practical and carefully planned projects that retain their value and functionality over the long term while delivering an experience aligned with the needs of both users and investors.

The vision for “Maydan” extends beyond the development of commercial, administrative, and medical spaces. QORE aims to establish an integrated operational and service ecosystem, particularly for company and factory owners, through an advanced business environment supported by commercial, administrative, accounting, and tax-related services. This approach is designed to facilitate business operations and enhance the overall user experience within the project.

Eng. Mohamed Hafez, CEO and Chairman of Hafez Consultants, said:

“Our vision for Maydan is centered on creating a simple and practical design that can stand the test of time and preserve its value, while achieving the right balance between quality, functionality, and user experience. The project’s combination of commercial, administrative, and medical uses requires a flexible architectural and engineering approach that ensures efficient use of space and reflects Maydan’s positioning as an integrated destination.”

Mohamed Galal, Chairman of TSM Asset Management, commented:

“The true value of mixed-use developments does not end with development and delivery. It depends fundamentally on the quality of management and operations, as well as the project’s ability to maintain its attractiveness over time. At Maydan, we are focused on developing an integrated operations and retail strategy that ensures a carefully planned mix of activities and services while delivering a strong experience for users, investors, and brands.”

The launch of QORE and “Maydan” forms part of a broader expansion vision extending through 2030, under which the company aims to build a diversified portfolio of projects across the Egyptian market while assessing a number of new investment and development opportunities, particularly in 6th of October City.

These opportunities include the Al-Thawra land plot, spanning approximately 20 feddans, in addition to plans related to the Boulevard land plot, which spans less than 20 feddans, as part of QORE’s strategy for gradual expansion and the development of a diversified portfolio in strategic locations.

QORE’s strategy for the coming period will continue to build on its strong financial capabilities, accumulated execution and industrial expertise, and partnerships with specialized industry leaders, with the objective of developing projects that deliver long-term value to customers and investors while strengthening the company’s presence in Egypt’s real estate market.