TMG named top Developer at Egypt's Top 100 List
The summit, organised to honour influential companies and figures in the Egyptian economy, awarded TMG Holding, led by CEO Hisham Talaat Moustafa, its most prominent prize by placing it first on the 'Top 100' list. According to the organisers, the list is compiled by Amwal Al Ghad magazine and investment banks, based on a study of companies listed on the Egyptian Exchange, using criteria including revenues, net profits, market value, and assets.
TMG also won the award for the Number One Real Estate Developer in Egypt. Organisers attributed this to the company securing the largest share of the Egyptian market in 2024, accounting for 43% of total sales estimated at EGP 1.17 trillion. TMG achieved contractual sales of EGP 504 billion last year, representing 253% growth.
The summit's organisers classified TMG as the largest real estate developer in Egypt, with a land portfolio of 125.9 million square metres across Egypt, Saudi Arabia, Oman, and Iraq. The company's sales nearly tripled in 2024, driven by the launch of its Banan project in Saudi Arabia and the South Med project in Egypt, which has generated EGP 352 billion in sales since its launch in July 2024.
The company's projects include the integrated cities of Al-Rehab and Madinaty in New Cairo, the Celia project in the New Administrative Capital, and the Noor smart city in Capital Gardens.
Omar Abdel Rahman, TMG's Deputy CEO for Marketing, accepted the awards on behalf of the CEO in the presence of the ministers of local development and labour.
The summit, held under the theme 'Makers of Achievement… An Eye on the Future,' was attended by senior officials including Presidential Advisor for Economic Affairs Hala El-Said, Financial Regulatory Authority Chairman Mohamed Farid, Egyptian Exchange Chairman Ahmed El-Sheikh, and the heads of the Egyptian Space Agency and the Grand Egyptian Museum.
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