INTERNATIONAL WORKPLACE GROUP ADDS TWO NEW CENTERS IN CAIRO, AS DEMAND FOR HYBRID AND PLATFORM WORKING CONTINUES TO ACCELERATE

International Workplace Group, the world’s largest hybrid workspace platform with brands including Spaces and Regus, is opening state-of-the-art flexible workspaces in the Egyptian capital in New Cairo and Maadi areas. With the long-term shift to more flexible ways of working, IWG is expanding its network to keep pace with rising demand for flexible workspaces across Egypt.

The addition of International Workplace Group’s latest Regus locations at Redcon’s Financial Center and HQ in the vibrant Maadi neighbourhood comes on the heels of the business posting its highest-ever revenue, cashflow and earnings growth in its history and achieving rapid network growth, signing 899 new centres to its network in 2024 and opening 624 new workspaces.

The new locations are part of a drive by International Workplace Group to meet the sharply rising demand for top class flexible working space across Cairo.

With a combined 1,400 square meters of flexible workspaces, the new centres will provide space for established firms and start-ups across a range of industries including software development companies, brokerage companies, financial technology services company, while International Workplace Group’s Design Your Own Office service allows companies to tailor their space entirely to their requirements. The new Regus and HQ locations will include facilities including private offices, meeting rooms, and co-working and creative spaces.

IWG partners, Urbnlanes and Redcon Construction, decided to invest in the International Workplace Group platform to maximise the return on their real estate space by capitalising on the rapidly expanding demand for hybrid working.

Mark Dixon, CEO & Founder of International Workplace Group PLC, commented: “We are establishing a stronger and much-needed footprint across the MENA region with several latest openings. As an important business hub, Egypt continues to be our biggest growing market in its region, witnessing a huge boost in our expansion plans. We are very pleased to work in partnership with Redcon and Urbnlanes to develop the Regus and HQ brands under a management agreement that will add a cutting-edge workspace to their buildings.”

“Our continuous openings in Cairo come at a time when more and more companies are discovering that flexible and platform working is incredibly popular with employees, improving their work-life balance and satisfaction, while also providing a multitude of benefits to companies. This marks our 8th center we’ve opened this year in Egypt, as part of our ambitious plan to sign 30 new centres across the country by the end of 2025. Our workplace model, along with local partners collaborations, enables existing businesses to increase productivity and allows for new businesses to scale up or down at significantly reduced costs while providing access to thousands of locations, contributing to the local economy through job creation and investment,” added Youssef Najeeb, Country Manager for IWG in Egypt.

Research by leading academics has found that flexibility in working patterns offers a multitude of benefits for employees, including enhanced work-life balance, financial savings and health benefits. Employers also reap the rewards of hybrid models through increased firm productivity, cost savings and a more efficient, engaged workforce.

With explosive market growth as companies of all sizes adopt hybrid working for the long-term, it is predicted that 30% of all commercial real estate will be flexible workspace by 2030. With International Workplace Group, partners are able to capitalise on this fast-growing sector, while being supported by International Workplace Group’s unparalleled experience. Hybrid working offers companies a significantly lower cost base with an average saving of $11,000 per employee[i].

International Workplace Group is the global leader in hybrid working – featuring thousands of locations in more than 120 countries with members able to access all of the locations and business services via the IWG app.

As the ongoing shift towards hybrid working accelerates, the potential for further growth is exponential with an estimated 1.2 billion white collar workers globally and a total addressable market of more than $2 trillion. In 2024, International Workplace Group welcomed 899 new partner locations and counts 83 per cent of Fortune 500 companies among its customer base.