Ahmed Wafiq
Ahmed Wafiq (born June 26, 1979) is an Egyptian entrepreneur, investor and realtor. He is the founder and owner of Ahmed Wafiq Enterprises. He is a 43-year-old entrepreneur with multiple accolades, and he has helped more than 1500 businesses and households with their real estate requirements. He was born in Cairo, Egypt.[1]
Contents
Biography
Ahmed Wafiq was born in Egypt's Cairo. Since an early age, he has been incredibly competitive, which drives me to strive for excellence in whatever he does.
When Ahmed was 11 years old, he started his first business by selling used books in his neighbourhood, and it was a profitable venture. Within a month, he had made four times the amount of money Ahmed had invested. He loved it so much that he replicated it by selling other items that were no longer in use by his family. This was also a successful venture.[1]
The entrepreneurial spirit within him compelled him to continue. He wanted to do more on a regular basis. At the age of 13, with the help of his grandfather, he opened a small video DVD store in his neighbourhood. This was a huge success.
As a high school student with little social life, he spent much of his lunch breaks at the library reading about business leaders. He was pretty keen on creating something on his own. His cousin introduced him to his friend who was helping his father in the real estate company. During summer vacation, he joined them as an assistant. In addition to learning about business, he also learned a lot about construction, investing, and monetization.[1]
After a few years, he graduated and started his new venture with seed funding of E£600,000 from his father.
When he started buying real estate, he managed to find intelligent people to work with who had the knowledge he didn't. We bought buildings that were complete or close to full and rented them out for 10% less than the market rate. His company made it comparable to a better building, but we rent it for 10% cheaper. This was fantastic, as he maintained occupancy. His company remortgaged the building five to seven years later.
In an interview, Ahmed Wafiq says, We do not have the finest buildings. We are not fancy builders who lavish elegance and luxury on the lower floors but cut down on the upper floors, where the rooms are smaller and less appealing. They are creating the brand name, while I am earning a lot of money.[1]
Trivia
For more than 40 years, the Wafiq Family has been involved in community activism and advocacy for the arts, political representation, social justice, and, more recently, ongoing participation in creating a private food bank.[1]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 "Ahmed Wafiq's Bio". Ahmedwafiq.com. 24 July 2022. http://www.ahmedwafiq.com/.
