New Plan Developments accelerates project execution, targets 1,700 unit deliveries in 2026

Company expands construction spending to EGP 2.5bn and targets EGP 6bn in sales by year-end

New Plan Developments has outlined its construction progress and delivery plans for 2026 as part of its strategy to strengthen project execution, accelerate delivery, and maintain high standards of quality across its portfolio. The company is targeting the delivery of 1,700 units during 2026, bringing the total number of units delivered by the company to approximately 3,100.

The announcement was made during a press tour organised by New Plan Developments across its projects in the New Capital, attended by journalists, media representatives, and the company’s executives and employees.

Walid Khalil, Chairman of New Plan Developments, stated that the current market environment requires more precise criteria for assessing the strength and sustainability of real estate developers. He noted that execution capacity, delivery commitments, and product quality are increasingly important indicators, alongside sales performance and portfolio growth.

Khalil explained that a developer’s ability to convert sales and contractual commitments into completed assets and units delivered to clients is a key indicator of its financial standing and business sustainability.

He added that execution is a central pillar of New Plan Developments’ strategy, alongside its commitment to quality, timely delivery, sales, and sustainable growth across its investment portfolio. Accordingly, delivery is no longer simply the final phase of a project, but a fundamental element in building client trust and demonstrating a developer’s ability to fulfil its commitments.

He noted that the current real estate market is increasingly shaped by companies’ ability to demonstrate their commitments on the ground, whether through construction progress, adherence to delivery schedules, or the quality of products delivered to clients. This has prompted New Plan Developments to allocate significant resources to construction and accelerate completion rates across its ongoing projects.

Khalil further pointed out that the company is targeting the delivery of 1,700 units during 2026, bringing the total number of units delivered by New Plan Developments to approximately 3,100, including around 2,500 units in the New Capital and 600 units in Port Said. These targets reflect the company’s transition into a more advanced phase of construction activity and project delivery.

He also revealed that the company plans to invest approximately EGP 2.5bn in construction works across its projects during 2026, noting that construction spending remains a strategic priority, particularly as actual execution has become increasingly important to clients when making purchasing decisions and assessing developers.

“New Plan Developments does not view construction spending solely as a project-related cost, but as a direct investment in asset value, client confidence, and the long-term sustainability of the brand. The strength of a developer is measured by its ability to maintain a balanced cycle between sales, construction, and delivery while continuously reinvesting cash flows into its projects,” Khalil said.

He further noted that the company is maintaining strong construction activity across its projects while progressing with subsequent phases of developments where earlier portions have already been delivered. This approach ensures continuity in execution and prevents growth from being limited to the sales phase.

The company’s portfolio comprises nine projects across the New Capital, New Cairo, Port Said, and the North Coast, spanning residential, commercial, administrative, and hospitality developments, according to Khalil.

New Plan Developments’ Chairman explained that the company has made tangible progress across several projects, including the delivery of Serrano and the first phases of Eleven, Atika, and Talla, as well as the delivery and operation of Eclat Residence in Port Said. Construction is currently ongoing at Amara and Sadaf, while the remaining phases across the company’s projects are progressing according to targeted timelines.

He disclosed that reaching advanced delivery phases across several projects provides the company with a strong operational base, enabling it to focus simultaneously on completing ongoing developments while exploring new growth opportunities.

Khalil said that the company is targeting EGP 6bn in sales during 2026, noting that this target is being pursued alongside, rather than separately from, its execution strategy. The company is relying on diversification across its products, locations, and launch phases while maintaining strong construction activity across its existing projects.

He noted that several of the company’s projects have achieved high sales rates, reaching 99% at Serrano, Eleven, Atika, and Eclat. Talla has recorded a sales rate of 70%, followed by Granvia at 80%, Amara at 60%, and Lamborghini at 50%. Sadaf, which was launched this year, has recorded a sales rate of approximately 25%.

The Chairman of New Plan Developments indicated that the company’s strategy for the coming period will not focus solely on increasing the number of projects, but rather on selective expansion into locations and product segments with genuine growth potential. The company is also considering new opportunities in Sheikh Zayed and the Red Sea region.

He noted that New Plan Developments’ expansion strategy is closely linked to its ability to maintain a balanced equation between portfolio size, construction activity, and financing capacity, ensuring that the quality of its existing projects and its commitments to clients remain unaffected.

He concluded that the next phase of the real estate market will place greater importance on developers’ ability to execute effectively and translate their plans into tangible projects and timely deliveries. New Plan Developments aims to continue its growth based on a clear strategy centred on execution, quality, and delivery as key elements for building client trust and achieving sustainable growth in Egypt’s real estate market.