IWG, the world leader in hybrid work solutions is expanding its footprint to meet record demand amongst Egyptian businesses. IWG has signed partnership agreements for the development of four new co-working spaces in Cairo. The new locations are situated in the most sought-after areas and are in response to growing demand from businesses of all sizes.
The four upcoming spaces are planned to be launched in 2023 and will be situated in Pioneer Plaza, Maspero Business Tower, and One Kattameya Maadi.
A state-of-the-art building at The View by The Waterway in New Cairo will be the first Signature location in Egypt; it will be the first time IWG introduces its flagship brand to Africa.
The View by the Waterway is a high-end mixed-use complex that features retail, residential, and office space and is set to be IWG’s third managed partnership deal with Premier Group.
Regus Pioneer Plaza will be developed in partnership with Global Pioneer Investment and Development and will be IWG’s first workspace in the new Capital of Egypt. The decision to expand to this area of Cairo was due to it being well-connected given the rapid growth and appeal of public and private entities shifting their bases to the new Capital. Pioneer Plaza also implements sustainable and environment-friendly practices making it a sought-after building for businesses in this sector. IWG is planning to launch its space in Pioneer Place by Q3 of 2023
IWG partnered with Premier Group for Regus Maspero Business Tower located in a 15-floor building comprised of business, commercial and retail units covering a total space of 1000 sqm. A high-quality building with substantial parking available, IWG plans to open Regus Maspero Business Tower space in Q4 of 2023.
In partnership with Memaar Al Morshedy, IWG will be developing Regus One Kattameya, a 616 sqm building comprising of12 floors. The mixed-use building with mainly office units is considered of a high-quality ranking with a retail offering on its ground floor and convenient parking. The Regus co-working space is scheduled to open in Q1 of 2023.
Hybrid working today is viewed as a key way of achieving targets, with 82% of CFOs stating that it offers an affordable business model while still meeting the high demand for office space. IWG has a global reputation for being a leader in flexible workspaces with almost 3,500 workspaces available in over 120 countries.
IWG is seeking to continue to grow its network across Egypt in close partnership with property owners and investors.
This partnership for four new spaces will successfully address and fulfill Cairo’s requirements for flexible, local office spaces as companies of all sizes continue to adopt hybrid working.