Qatari Diar Egypt Awards One of the Main Construction Packages of the CityGate Project to Concrete Plus

Qatari Diar Egypt, announced the award of one of the main construction packages for the CityGate New Cairo project to Concrete Plus, one of Egypt’s leading construction and engineering companies. This award comes as part of Qatari Diar’s strategy to accelerate construction progress on one of Egypt’s largest integrated urban developments, reflecting the company’s commitment to applying the highest international standards in quality, planning, and execution.
In this context, Sheikh Hamad bin Talal Al Thani, Chief Executive Officer of Qatari Diar, stated:
“CityGate represents one of the flagship models of Qatari Diar’s vision to develop fully integrated urban communities that are managed according to the highest international standards and delivered by Egyptian expertise. In line with this approach, the contract for one of the project’s main construction packages has been awarded to Concrete Plus, with a total value of EGP 3.5 billion, covering the construction of 300 residential units in addition to the execution of infrastructure works, to be delivered over a 30-month period according to a clear and precise implementation schedule.”
He added:
“This contract forms part of Qatari Diar Egypt’s strategy to accelerate delivery while ensuring the highest levels of quality, enhancing the project’s investment value and meeting the growing market demand for modern and sustainable communities. Qatari Diar Egypt continues to strengthen its position in Egypt’s real estate sector, having achieved sales exceeding USD 1 billion, alongside direct investments surpassing USD 7 billion—underscoring its long-term commitment to the Egyptian market and its strategic importance within Qatari Diar’s global portfolio.”
Commenting on the award, Eng. Tarek Youssef, Founder and Chief Executive Officer of Concrete Plus, said:
“Winning the CityGate project reflects the strong confidence placed in Concrete Plus by major real estate developers and highlights our extensive experience in delivering integrated residential developments in accordance with the highest technical and engineering standards, while adhering to agreed quality benchmarks and delivery schedules.”
CityGate is one of the most prominent strategic projects within Qatari Diar’s Egyptian portfolio, embodying the company’s vision for developing integrated and sustainable urban communities based on long-term planning and quality of life. The project spans approximately 8.5 million square meters in a strategic location linking New Cairo with the New Administrative Capital, with total investments exceeding USD 12 billion upon completion. The development includes a comprehensive network of services and facilities such as business districts, world-class golf courses, educational, healthcare, and sports facilities, as well as extensive green spaces. The project is expected to generate more than 200,000 direct and indirect job opportunities throughout its various development phases.
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About Qatari Diar-Egypt
Qatari Diar Egypt holds a substantial investment portfolio, including a land bank exceeding 60 million square meters, alongside several landmark developments spanning Greater Cairo, the Red Sea, and the North Coast. Key projects include CityGate, a large-scale mixed-use development spanning 8.5 million square meters; The St. Regis Cairo, which offers a luxury hospitality experience featuring 232 elegantly designed guestrooms, 50 luxury suites, 80 serviced apartments, and 149 branded residences; as well as a strategic partnership in New Giza, one of Egypt’s largest integrated developments. Qatari Diar Egypt continues to position itself as a market leader through the development and delivery of large-scale real estate projects that adhere to the highest international standards, meeting the expectations of clients and partners alike.
Qatari Diar Egypt operates as part of Qatari Diar Real Estate Investment Company, which was established in 2005 as a subsidiary of the Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar. The company is headquartered northeast of Doha on the Arabian Gulf coast and was mandated to support Qatar’s growing economy and coordinate the country’s real estate development priorities. Since its inception, Qatari Diar has been committed to delivering its ambitious vision through real estate developments that enhance quality of life and contribute to community development both locally and internationally, in line with the significant urban transformation taking place in Qatar. Today, Qatari Diar is recognized as one of the world’s most trusted and respected real estate developers, driven by its strong commitment to quality, community engagement, partnerships, and sustainability. For more information,