Mohamed Farag, a member of the company's board of directors, said that Q Developments is an Egyptian joint stock company established in 2016 and owns 50% of shares of Jumeirah Egypt for Constructions, in addition to 75% of IG Capital , 90% of Q Asset Management Companies, Q Tourism Investment Company, and Q Art House Furniture Company. This collection of companies enables Q Developments to manage investments in various fields, including real estate investment, contracting, tourism investment, trading and manufacturing furniture as well as owning and managing commercial malls. The company's investments amounted to EGP 9bn. Farag revealed that the company's land portfolio amounts to EGP 1.2bn, added that the first project will be announced in June. There are not enough projects that address the middle-income customers, specifically upper middle-income people, which holds many keys in society.
