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New Event

New Event

Egypt
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Core Evaluation

Comprehensive assessment of developer's core competencies

Track Record

New Event Developments publicly states it has executed 25+ projects across Egypt, Turkey, and Saudi Arabia, and that it is led by founder Dr. Hamid Al Rgwy with 15+ years of experience. Public project coverage includes Qamari in Egypt’s New Administrative Capital as a notable marketed development.

Financial Credibility

Public sources include company statements and media coverage indicating sizable announced investment figures for specific projects (e.g., reported EGP 10bn investment for Qamari in a real-estate magazine). Beyond such announcements and marketplace activity (off-plan listings), audited financial disclosures and verified funding sources were not identified in the accessed sources.

Project Quality

The accessed public sources are predominantly marketing/project listing materials and do not provide independent, consistent evidence of delivered build quality across completed projects. Without verified post-handover evaluations, quality cannot be rated beyond stated design/amenity positioning in public listings.

Legal & Regulatory Standing

Public registry-style portals and listing platforms identify New Event Developments as the developer for specific projects (e.g., Qamari), supporting an operational market presence. However, the accessed sources did not provide authoritative government licensing documents or regulator confirmations for compliance details across jurisdictions.

Customer Experience

No reputable, consistent aggregation of buyer/tenant satisfaction or after-sales service performance was identified in the accessed sources for New Event Developments. The reviewed sources are largely listings and announcements rather than verified owner experience reporting.

Market Reputation

New Event Developments appears publicly as an active regional developer with meaningful marketing presence and multiple platform listings; LinkedIn positioning and industry magazine coverage suggest visibility in the Egypt market. Independent reporting indicating widespread controversy or systemic buyer harm was not identified in the accessed sources.

Innovation & Sustainability

Company materials mention “innovation and sustainability” at a high level, but the accessed sources do not provide verifiable green certifications, measurable sustainability KPIs, or technical disclosures to substantiate those claims. As a result, innovation/sustainability is best characterized as stated positioning rather than independently verified practice.