IWAN Developments’ New Board of Directors Leads the Company towards more Innovation and New Projects

IWAN Development has announced the new board members who will be leading the company during the upcoming period, the new board of directors will be guiding IWAN to a new chapter of expansion.

Eng. Waleed Mokhtar will continue to lead the executive management, as managing director and CEO, while Eng. Ehab Mokhtar will be the chairman of the Board. Both Waleed and Ehab Mokhtar will be leading the company, they’ve co-founded 20 years ago, and will be enduring IWAN’s reputation as a real estate company that provides innovative ideas and products

The new board members demonstrates the company’s vision in attracting leading figures in different fields, including business, IT & Communications, real estate, investment and legal fields. The Board is set to lead the company forward with a strategic vision in the medium and long terms, as well as advising on major developments in the real estate market.

IWAN’s Board of Directors includes Mr. Ahmed Al-Sharqawi, founding partner of Sharqawi Sarhan Law Firm, with 20 years of experience in mergers and acquisitions, financing, renewables, real estate, infrastructure, and public private partnerships.

Another member is Eng. Amr Mohamed Abu Alam, founding chairman of Lotus Consulting, with expertise in establishing, managing, and consulting real estate portfolios in Egypt, he is also a member of the Canadian-Egyptian Business Council, and a board member of various companies and institutions.

Mr. Hisham Hamza is a financial analyst with extensive capabilities in direct investment, real estate, and fund management across the Middle East and North Africa. He co-manages real estate funds for foreign private equities that worth more than a quarter of a billion dollars.

“This step represents a new start for IWAN, in conjunction with major changes and challenges in the Egyptian real estate market and the region as a whole, which requires innovative thinking while adhering to IWAN’s long tradition of providing high quality real estate products and new ideas.” Said Eng. Ehab Mokhtar, chairman of IWAN Developments.

Eng. Ehab expressed gratitude to the former board of directors headed by Mr. Mohamed Maher, for the important role he played during the previous phase, especially during the tough period of the COVID-19 pandemic and the challenges it imposed.

Eng. Waleed Mokhtar expressed his great pleasure to welcome these figures to the board, emphasizing that the Egyptian real estate market is currently witnessing a flourishing boom. “This encourages us to expand our operation and introduce new projects for the upcoming period, continuing our expansion plan; and focusing on exporting real estate in the near future, especially since the company's portfolio is very diversified including tourism, commercial, and administrative projects in West Cairo and Ain Sokhna.” He said.

Mr. Hisham expressed his pleasure to join IWAN’s Board of Directors, saying "We all seek to apply innovative and unconventional ideas in the coming period. Through my experiences I will be working on attracting international real estate funds.”

“Egypt is currently working on exporting real estate, the government is trying to support real estate development companies. This was evident in this year’s Egyptian pavilion at MEPM, in addition to passing new laws supporting the increase of real estate exports. We will work at IWAN to increase our exportation opportunities in the international market." He added.

Mr. Ahmed Al-Sharqawi appreciates IWAN’s Board of Directors for their confidence, saying "The Egyptian real estate market is witnessing a substantial growth with all new mega cities. This requires us to stay up-to-date and plan projects based mainly on renewable energy & environmentally friendly concepts, and keep building strong partnerships with the best construction and development entities in the market.”

Eng. Amr Mohammed Abu Alam added that IWAN has eager plans for the future. “The distinguished calibers who joined the Board of Directors will oversee the execution of our vision. As we hope to work through valuable partnerships with real estate trust funds, attract more investments, and target new segments of projects.” He said.

IWAN has a long, proven track-record of commitment towards its clients, gaining their trust through timely delivery of quality projects. IWAN’s strategy focuses on choosing the best locations for its projects, starting with Jeera and Jewar as their first 2 projects in Sheikh Zayed. These two projects introduced IWAN as a unique developer; building harmonious communities focusing on the concept of “Feel Good Neighborhood” as one of their main objectives.

Soon followed both Atrio and Alma projects, located at the heart of Sheikh Zayed city, along with Jedar and The Axis, located directly at the 26th of July corridor, and finally Majada at El-Galala city, which overlooks a serene beach view by the Red Sea.

IWAN aims to offer a wide range of new residential and commercial projects during 2022, as well as launching new phases of its existing projects, and continuing to deliver the perfect services to its clients.