Invest-Gate held its inaugural Invest-Gate ACE Awards on Wednesday, January 15, 2025, to honor exceptional accomplishments in Egypt’s real estate sector for 2023-2024 at a prestigious event held at The St. Regis Cairo.
The awards were evaluated by a distinguished panel of experts, chaired by Mr. Amr Elkady, Founder and Managing Director of AKD Advisory. This esteemed panel featured notable professionals from Egypt and across the globe, including:
Ms. Ana Gazzara, Founder & CEO of Gazzara Global Group, Chairman for the Global Advisory Board at the ARAB MLS
Mrs. Salwa Arfaoui, Regional Director of Net Level Real Estate, FIABCI member (USA/France/UAE), and IEREI Instructor
Eng. Abdel Nasser Taha, President & Founder of FIABCI Egypt
John D. Mayfield, President of Mayfield Real Estate and Global Real Estate School
Mr. Georg Ortner, Founder of Makler Service AG, RealEstate-talk.ae
Eng. Vitaly Berezka, Regional Head – Central Asia, MENA & APAC, PlanRadar GmbH (Austria)
Mr. Mohammad Mousa, CEO of Innovation Experts Real Estate Institute
Mr. Ayman Sami, Country Head of JLL Egypt
Dr. Eng. Karim Shahin, National Projects Adviser at The Egyptian Cabinet of Ministers
Invest-Gate ACE Awards began by the speech of Ms. Safaa Abdel Bary, General Manager and Business Development Director of Invest-Gate, stating that this event is not just about recognizing success—it is about inspiring creativity and fostering collaboration in a sector that plays a vital role in shaping our communities and driving economic growth. She added that the Invest-Gate ACE Awards were created to honor the exceptional efforts of real estate developers and project teams who have set new standards in design, functionality, and sustainability.

The ceremony honored Eng. Fathallah Fawzy, Vice Chairman of the Board of Directors and Head of the Construction and Building Committee of the Egyptian Businessmen Association, a leading figure who played a prominent role in supporting the construction sector. Thanks to his constant cooperation and sincere efforts, his touches were evident in the success of this event.
As part of celebrating the outstanding achievements and innovation in the Egyptian real estate sector, the Invest-Gate ACE Awards 2024 ceremony was launched, to honor the leading entities that have contributed to advancing the wheel of development and growth.
The ceremony honored the Ministry of Housing, Utilities and Urban Communities for its pioneering efforts in promoting urban development and achieving Egypt’s Vision 2030. The award presented to Dr. Eng. Abdelkhalek Ibrahim, Deputy Minister of Housing, Utilities and Urban Communities.
For his part, Ibrahim thanked the organizers of the ceremony, emphasizing that the continuation of success is the biggest challenge for both the state and the private sector.
He pointed out that the real estate market has changed significantly since 2014, experiencing a major boom over the past 12 years that has contributed to the accumulation of knowledge and experience among developers and workers. Ibrahim noted that now is the time to export the expertise of the real estate system.
Additionally, the New Administrative Capital (NAC) was awarded the Smart City of the Year, in recognition of its pioneering role in providing an integrated model for smart cities. The award was presented to Eng. Khaled Abbas, Chairman and Managing Director of the Administrative Capital for Urban Development (ACUD).
During his speech at the Invest-Gate ACE Awards 2024 ceremony, Abbas stated that 7 years ago, the New Administrative Capital (NAC) was a desert. Today, in a short period, it has become a tangible reality, filled with all aspects of life, including schools, hospitals, and ministries, along with the Capital Airport, which is now ready for opening.

Abbas added that, for the first time in Egypt, there is a company managing a city, and it has succeeded in providing excellent quality services to citizens. He pointed out that approximately 15,000 people are currently living in the NAC, and this number is expected to increase significantly in the coming years.
The prestigious Pioneers in Real Estate Development Industry Award was presented to, DORRA Developments, and IGI Developments. DORRA the company that consistently excels at the highest levels, not only in the Middle East but also across North Africa. The award was presented to Eng. Mohamed Shalaby, CEO of DORRA Developments. As for IGI Developments, which is one of the industry’s trailblazers since 1994, this esteemed company has revolutionized the real estate landscape in Egypt by introducing gated communities. The award was presented to Eng. Sherif Moustafa, CEO of IGI Developments, in recognition of their enduring legacy and remarkable contributions to the industry.
In his speech, Mr. Amr Elkady, Founder & Managing Director of AKD Advisory and the head of the jury panel, emphasized that The Invest-Gate ACE Awards represent a new benchmark in how we define success in real estate. He noted that REDCON Properties has achieved the highest numbers across all categories of the awards. This is a testament to their exceptional commitment to excellence and their role in driving our industry forward. They serve as a prime example of how innovation and perseverance can redefine the real estate landscape.
The awards were divided into three categories: Government Related Entities, Multinational Entities, and Egyptian Entities.
First: Government Related Entities
Within the framework of the fruitful partnership between the government and private sectors, the winners from Government-Related Entities were honored according to the alphabetical order of the Categories:
Coastal Project of the Year:
City Edge Developments for the Beachfront Towers project. The award was presented to Eng. Tamer Nasser, CEO of City Edge Developments.
Retrofit Project of the Year:
Misr Real Estate Assets Management for the Khedivial Cairo project. The award was presented to Ms. Maha Abdel Razek, CEO of Misr Real Estate Assets Management.
Urban Regeneration Project of the Year
Urban Development Fund for the Governorate Capitals Development project (Dara). The award was presented to Eng. Khaled Sadeek, Chairman of the board of Urban Development Fund (The Cabinet)

Second: The winners from Multinational Entities were honored, in alphabetical order of Categories:
Brand Consultant of the Year: Coldwell Banker Egypt
The award was presented to Mr. Karim Zein, CEO of Coldwell Banker Egypt.
Strategic Partnership Leader of the Year: Adeer International.
The award was presented to Eng. Bassel El Serafy, CEO of Adeer International.
Sustainable Initiative of the Year: Schneider Electric
The award was presented to Sebastien Riez, Cluster President of Schneider Electric North East Africa & Levant.
Third: Winners from Egyptian Entities, in alphabetical order of Categories:
• Administrative Project of the Year: PARAGON Developments
The award was presented to Eng. Bedeir Rizk, CEO.
• Architecture Innovation of the Year:
Two participants won this award, as both companies’ projects were distinguished by receiving the same score according to the evaluation of the esteemed jury. This outcome reflects the excellence and creativity they demonstrated in the field of architectural design.

1- Madinet Masr
The award was presented to Eng. Abdallah Sallam: CEO and Managing Director.
2- ORA Developers Egypt

• Branded Residences Project of the Year: ALDAU Development
The award was presented to Eng. Ahmed Nesr, CEO – Real Estate Division.

• Commercial Project of the Year: REDCON Properties
The award was presented to Eng. Tarek El Gammal, Chairman

• Expansion Achievement of the Year: RED-Real Estate Domain
The award was presented to Mr. Mohamed Banany, Managing Director

• Heritage Project of the Year: Madinet Masr
The award was presented to Eng. Abdallah Sallam: CEO and Managing Director.

• Industrial Project of the Year: Polaris Parks
The award was presented to Eng. Bassel Shoirah, General Manager.

• Innovative Construction Project of the Year: Orascom Construction
The award was presented to Eng. Neveen Sallam, Senior Operation Manager

• Mixed-Use Project of the Year Inside Cairo: MARAKEZ
The award was presented to Eng. Yasmine Abou Samra, Executive Development Director.

• Outdoor Campaign of the Year: Gates Developments
The award was presented to Mr. Hassan Nasr, CEO.

• PropTech Broker of the Year: Emtelaak
The award was presented to Mr. Magdy El Yamany, General Manager.

• PropTech Solution of the Year: VOOM
The award was presented to Mr. Abd El Rahman Alaa, CEO.

• Rising Star in Asset Management of the Year: MINT Real Estate Assets
The award presented to Ms. May El Naggar, Head of Marketing and Communications, and Mr. Sherif El Qaliouby, Head of Sales.
• Rising Star of the Year: IL Cazar Developments
The award was presented to Mr. Nader Khozam, Chairman and CEO.

• Skyscraper Innovation of the Year: Nile Developments
The award was presented to Eng. Mohamed Taher, Chairman.

• TV Commercial of the Year: Hyde Park Developments
The award was presented to Ms. Nirveen Bookly, Head of Marketing, on behalf of Eng. Amin Serag, CEO and Managing Director.

Finally, the winners of the online voting:
• Creative Brand Communication of The Year: Wadi Degla Developments
The award was presented to Dr. Raymond Ahdy, CEO
• Outstanding Real Estate Product of the year: TLD – The Land Developers
The award was presented to Mr. Omar El Tayebi, CEO

Invest-Gate ACE Awards were sponsored by:
Master Sponsor: MIDAR
Official Sponsors: Gates Developments, IGI Developments, ORA Developers Egypt, ALDAU Development
Platinum Sponsor: DORRA Developments
Awards Sponsor: UPTOWN 6 October
Gold Sponsors: Schneider Electric and Coldwell Banker Egypt
Silver Sponsors: RED-Real Estate Domain, Adeer International and Wadi Degla Developments