With a project value of $12,000 million, the Qatari Diar - New Cairo City Gate Development - Egypt project was the largest Low-Rise Apartment Blocks project in the Middle East and Africa, on which construction started in Q1 2022. The Qatari Diar - New Cairo City Gate Development - Egypt project is located in Egypt and initially announced in Q2 2020 with an estimated completion in Q4 2026. The AARED/HPD – Gardenia City – Egypt project was the second-largest project with a project value of $1,635 million, on which construction work started in Q1 2022. The AARED/HPD – Gardenia City – Egypt project is located in Egypt and initially announced in Q1 2021 with an estimated completion in Q4 2027.
The ABG – Al Swida Village – Doha project was the third-largest project, the MOH – North Obhur Park Project – Saudi Arabia was the fourth-largest project, and the New City Developments – Eco West Mixed Use Development – Egypt was the fifth-largest project with a project value of $350 million, $300 million and $159 million respectively. The ABG – Al Swida Village – Doha project located in Qatar was announced in Q1 2017 with an estimated completion in Q4 2025, the MOH – North Obhur Park Project – Saudi Arabia project located in Saudi Arabia was announced in Q2 2019 with an estimated completion in Q4 2025 and the New City Developments – Eco West Mixed Use Development – Egypt project located in Egypt was announced in Q1 2019 with an estimated completion in Q4 2024.
Among the five largest projects, the AARED/HPD – Gardenia City – Egypt project is the longest in terms of completion date, with construction expected to be completed in Q4 2027. On the other hand, the New City Developments – Eco West Mixed Use Development – Egypt project is the shortest in terms of completion date, with construction expected to be completed in Q4 2024.
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