Al-Qasli: A key partner in mega national projects | First Edition | Wednesday, January 14, 2026

Al Qassly Contracting and Quarries Company Overview
📌 The company, established in 1984 by Haj Mohamed Soliman Agmeian Al Qassly in North Sinai, continues its success story under Engineer Tamer Al Qassly.
🏗️ They are a strategic partner in the nation's urban development, focusing on shaping the future with the highest international quality standards.
🚧 Key projects include contributions to the Suez Canal expansion, the Light Rail Transit (LRT), the Galala Road, and road projects in the New Administrative Capital (NAC).

Leadership Transition and Values
🧠 Engineer Tamer Al Qassly inherited a legacy defined by reputation and high standards from his father, driving his ambition to expand the company's presence in national projects.
👨‍🏫 His foundation was built through early on-site experience from age 14/15 and mentorship from his "spiritual father," Lieutenant General Kamel El Wazir, shaping his sense of responsibility.
🤝 The decision to enter the workforce early was a mutual desire driven by growing up immersed in the contracting and construction environment.

National Projects and Economic Impact
⚡ Post-2011 Egypt faces immense pressure to deliver national projects for 100 million people, necessitating speed, quality, and efficiency.
🌟 The massive infrastructure projects, particularly roads and tunnels, are considered the foundation of development and investment attraction for any nation.
📈 In just 11 years since 2014, Egypt has moved from late ranks to the forefront globally in infrastructure development across roads, new cities, sanitation, water networks, airports, and ports.

Challenges in Large-Scale Projects
🚧 Projects like the Suez Canal expansion and Galala Road were monumental tests, requiring unprecedented speed; the Suez Canal was delivered in less than a year against a planned timeline of at least three years.
🚧 The Galala Road project involved executing work at extreme conditions, "between the sky and the earth," excavating over 120 million cubic meters of rock at elevations exceeding 1,000 meters above sea level.
❤️ Success in these huge endeavors was driven by unity, fueled by the leaders' vision and the "love for the nation," shifting focus from purely profit to building a New Republic.

Real Estate Market Dynamics (2025-2026 Forecast)
📈 The year 2025 saw significant market volatility, with residential unit prices increasing by 20% to 30% compared to the end of 2024 in areas like New Cairo and the NAC.
💰 Major sales in Q1 2025 reached nearly 290 billion EGP, a 23% growth from 235.35 billion EGP in Q1 2024, primarily driven by large developers.
📉 2026 is expected to be more stable and mature, with increased demand for mid-priced units and better alignment between the state and the private sector.
📉 Property prices are expected to decrease slightly in the first quarter of 2026 due to the falling dollar exchange rate (from 53 EGP to 47 EGP).

Developer Challenges and Solutions (2025 Focus)
🧱 Key challenges for small/medium developers in 2025 included obtaining building grace periods (a one-year extension was secured) and rescheduling installments for land payments, which were previously demanded in lump sums.
📉 High interest rates on installments (previously 18-25%) severely impacted developers; a reduction to 10% was achieved, but further decreases are desired.
🧠 The market no longer accepts unstudied trial-and-error approaches; success requires thorough feasibility studies, managing cash flow through staged sales (e.g., selling only one-third of units initially), and delivering on time and quality.

Market Stability and Investor Confidence
⚖️ Security and political stability under the current leadership are crucial, leading to calmness and maturity in the market, ensuring that both developers' and clients' rights are protected.
🤝 The Ras El Hekma deal was vital, functioning as a top-tier real estate transaction that stabilized the dollar, which in turn stabilized material costs and enabled developers to price contracts accurately.
🤝 The Real Estate Developers Association has a dispute resolution committee to mediate issues, aiming for amicable solutions where clients are compensated or projects proceed with managed delays.

Key Points & Insights
➡️ Developer success hinges on transparency, credibility, and actual delivery, as clients are now highly aware and question past performance.
➡️ For brokers, the priority should be client delivery and quality assurance, not just the size of the commission.
➡️ Developers must resist the urge to aggressively sell all units upfront; staged sales help manage market volatility and cash flow stabilization.

📸 Video summarized with SummaryTube.com on Feb 09, 2026, 11:02 UTC