Latest news with #AmrSultan
Daily News Egypt
18-05-2025
- Business
- Daily News Egypt
LMD Unveils 'Being' in New Zayed, Partners with LA7 to Launch Innovative Business Hub 'Mindset'
Landmark Developments (LMD), one of Egypt's leading real estate developers, has launched a new mixed-use project in New Zayed under the name 'Being,' introducing a unique urban model that merges residential comfort with smart commercial functionality. Spanning 150 feddans opposite Sphinx International Airport, the project is designed to meet the evolving needs of both residents and businesses in West Cairo's fast-growing market. Marking a major milestone in its expansion strategy, LMD has also opened its first sales office in Park Street, Sheikh Zayed, to provide closer access to its clientele in West Cairo. 'At LMD, we're committed to reshaping modern life in Egypt. With Being, we're offering comprehensive solutions that serve both residents and businesses,' said Amr Sultan, Founder and CEO of LMD. 'Our partnership with LA7 brings a new layer of innovation to the market and strengthens our vision of forward-thinking development.' Central to the Being project is the introduction of 'Mindset,' a business complex developed in partnership with LA7. The concept aims to redefine the traditional workspace by combining functionality with well-being. More than just offices, Mindset will offer an immersive business lifestyle experience that includes wellness facilities, health services, co-working spaces, and on-demand consulting services. 'We're excited to work alongside LMD to bring Mindset to life — a business hub designed to inspire better work and better living. It's a space where wellness, creativity, and ambition meet under one roof,' said Omar El Ghazaly, CEO of LA7. Mindset will feature a gym, physiotherapy center, nutrition experts, wellness and spa services, ergonomic furniture, private workspaces, a library, co-working areas, a conference hall, kids' zones, a music room, cooking school, and a food court. Additional offerings include access to an in-house psychologist, life coach, private doctor, and legal, financial, and HR consulting offices. A high-tech center for AI and programming is also part of the development. The launch of Being and the unveiling of Mindset reflect LMD's broader ambition to pioneer new living and working experiences in Egypt's real estate landscape. The company has already begun offering commercial units within the development, targeting businesses looking for integrated and innovative workspaces. LMD's portfolio includes high-profile developments such as Stei8ht, Eastside, One Ninety, and Zoya on the North Coast. With the introduction of Being, the developer reinforces its position as a trailblazer in Egypt's urban transformation.
Zawya
16-05-2025
- Business
- Zawya
Egypt's LMD targets $6bln investments for hospitality and residential expansion
Landmark Developments (LMD) is planning to expand its hospitality and residential portfolio with an investment strategy that targets over 300 billion Egyptian pounds ($6 billon), the company's founder and CEO Amr Sultan said. Speaking to Zawya Projects, Sultan said the company's hospitality portfolio includes 1,330 hotel rooms and 1,800 serviced apartments across key developments in partnership with brands such as W Hotels, Marriott, and Villa Coconut. 'We believe that by partnering with esteemed brands, we can elevate the standard of tourism in Egypt," he said. Among LMD's key developments are the W Hotel and Serviced Apartments, the Autograph Collection, the Tribute Portfolio Hotels in New Cairo, and Ghazala Bay on Egypt's North Coast. The company is also developing the More Serviced Apartments project in New Cairo, offering hotel-style amenities in residential settings. LMD's land bank currently stands at 8 million square metres (sqm), with 4.5 million sqm under development. Its residential project portfolio includes more than 24,300 units. The company's latest launch, the EGP 20 billion ($399 million) 'Being' development in New Zayed, is expected to generate EGP 25 billion in sales ($499 million). The 'Being' project also includes the 'Mindset' business complex developed in partnership with LA7. Sultan said the company is assessing luxury development opportunities in Ras El Hekma on Egypt's Mediterranean coast. Internationally, LMD operates in five countries, with recent acquisitions in Cyprus and growing interest in Saudi Arabia. 'While LMD does not yet have a legal entity in Saudi Arabia, it is actively studying investment opportunities, particularly in luxury developments tailored to Gulf tastes,' he said. LMD is advancing innovative projects like Egypt's first design district within the ONE NINETY project in New Cairo, spanning 199,000 sqm. To manage affordability, the company is adopting flexible installment and pricing strategies and forecasts price increases of up to 13 percent this year in line with inflation. 'Our goal is to create high-quality environments that support economic growth and meet rising expectations across the region,' concluded Sultan. (1 US Dollar = 50.13 Egyptian Pounds) (Reporting by Marwa Abo Almajd; Editing by Anoop Menon) (
Daily News Egypt
18-04-2025
- Business
- Daily News Egypt
LMD Launches Landmark 150-Acre Mixed-Use Development in West Cairo
Landmark Developments (LMD), a leading real estate developer in Egypt, has announced its official expansion into West Cairo with the launch of a major new 150-acre mixed-use development. The project blends residential and commercial components, positioning itself as a future-ready urban community designed to meet the growing demand for integrated living spaces. Strategically located for maximum accessibility, the development reflects LMD's commitment to creating dynamic environments that merge comfort, convenience, and innovation. The project will feature a balanced mix of residential units and commercial zones, tailored to meet the evolving needs of residents and businesses alike. 'Following our exceptional success in New Cairo and the North Coast, we're excited to bring our vision to West Cairo, an area with great potential and growing demand,' said Eng. Amr Sultan, Founder and CEO of LMD. 'At LMD, our vision extends far beyond transforming physical spaces into thriving communities. We strive to create environments that elevate living standards, offering endless possibilities while prioritizing safety, comfort, and luxury, all in one place.' The development is being executed in collaboration with top-tier architects, engineers, and strategic partners, ensuring meticulous attention to detail, sustainable design, and high-quality infrastructure. This expansion builds on LMD's strong portfolio, which includes prominent projects such as Stei8ht, 3sixty, There, One Ninety, W The Residences Cairo, and Zoya on the North Coast. The West Cairo venture forms part of the company's broader strategy to redefine urban living and strengthen its presence in key growth markets across Egypt. With the new West Cairo development, LMD reinforces its reputation for delivering forward-looking communities that seamlessly integrate residential, commercial, and lifestyle components.
Daily News Egypt
23-03-2025
- Business
- Daily News Egypt
LMD Completes Phase One of Business Quarter at ONE NINETY in New Cairo
Landmark Real Estate Development (LMD), a prominent name in integrated real estate development, has announced the completion of construction work for Phase One of the Business Quarter (Quarter A) at its flagship ONE NINETY project in New Cairo. With final finishing and handover operations now underway, businesses are expected to begin operations this month, marking a major milestone in the evolution of this transformative mixed-use destination. Spanning a total area of 345,000 square meters, ONE NINETY is designed to be a vibrant urban hub that combines business, hospitality, retail, and residential offerings. The development includes the Business Quarter, W Cairo Hotel & W Cairo Residences, Cairo Design District, retail and entertainment zones, and a lush Urban Park featuring expansive green spaces and a curated selection of fine-dining restaurants. The project sets new standards in smart, sustainable design and integrated living. With over 2,500 employees expected to operate from Quarter A alone, the entire project aims to attract more than 60,000 visitors and 8,000 employees daily. Sustainability is a core pillar of the development, with features such as electric vehicle charging stations, energy-efficient solar panels, and water recycling systems that promote environmental responsibility while reducing operational costs. Strategically located at the entrance of 90th Street in New Cairo, adjacent to the Ring Road and directly connected to the One Ninety Monorail Station, the project offers six distinct access points, including a dedicated Ring Road entrance—ensuring convenient, traffic-free accessibility throughout the day. Quarter A: Egypt's New Business Address Phase One of the Business Quarter is set to welcome several major corporations and financial institutions, solidifying its reputation as a top-tier business destination. Key tenants include: • Arab African International Bank (AAIB): The bank's new 24,000 sqm headquarters will accommodate around 2,000 employees, becoming the largest facility of its kind in Egypt. • PwC: Hosting over 800 professionals in its new regional headquarters. • Multinationals and regional leaders: Turkish Airlines, Fertiglobe (a subsidiary of ADNOC), and Chalhoub Group are among the companies preparing to open offices. • Retail and dining: A curated mix of high-end brands, restaurants, and cafés will support the business ecosystem, with several making their Egypt debut. Leadership Vision Amr Sultan, CEO of LMD, emphasized the project's broader significance: 'ONE NINETY represents a transformative step in the development of integrated real estate communities and an inspiring vision for the future of entrepreneurship. The completion of Quarter A reflects our commitment to delivering world-class projects that uphold innovation, quality, and sustainability.' He continued, 'ONE NINETY has already attracted nearly EGP 900 billion in investments. With its prime location and integrated offerings, it is the ultimate destination for companies seeking a dynamic business environment. We are proud of our partnerships with global leaders and look forward to completing the upcoming phases—including the highly anticipated W Cairo Hotel, whose structural framework is expected by end of 2025.' A New Urban Model ONE NINETY is being developed in collaboration with top international firms, including SOM (Skidmore, Owings & Merrill), BGB, and Marriott International—marking the debut of the W Hotels brand in Africa. The project not only reflects a new urban vision for New Cairo but also establishes Egypt's first of its kind mixed-use development that combines global standards with local ambition. As construction advances on remaining phases, ONE NINETY continues to redefine what a modern, sustainable business district can be—positioning New Cairo as a magnet for global investment and enterprise.
Egypt Independent
20-03-2025
- Business
- Egypt Independent
LMD Announces Completion of Phase One of Business Quarter at 'ONE NINETY' in New Cairo
Amr Sultan: 'We are proud of our partnerships with numerous prestigious global institutions, reinforcing the project's position as a leading destination for business and investment in Egypt.' Cairo, March 2025 – Landmark Real Estate Development (LMD), a leading developer of integrated real estate projects, has announced the completion of all construction work for phase one of the Business Quarter (Quarter A) at ONE NINETY. This marks the first completed district within the landmark project, located in the heart of New Cairo. The final stages of finishing and handover are underway, with operations set to commence this month, marking a significant milestone in the project's development. Spanning 345,000 square meters, ONE NINETY is more than just a business destination; it is a benchmark for innovation and investment that reflects a modern vision for Egypt's future. The project is a sustainable, mixed-use development, offering an array of services and amenities, including residential and hospitality zones, the Business Quarter, W Cairo Hotel & W Cairo The Residences, the Cairo Design District, retail and entertainment areas, and an Urban Park with vast green spaces and a selection of renowned fine-dining restaurants. The project exceeds expectations in terms of design, sustainability, and smart solutions, incorporating eco-friendly green spaces and micro-mobility solutions. ONE NINETY is expected to attract over 60,000 visitors and 8,000 employees, with more than 2,500 employees within Quarter A alone. Strategically located at the entrance of 90th Street in New Cairo, where it intersects with the Ring Road, the project features six different access points, including a private entrance directly from the Ring Road for seamless, traffic-free access throughout the day. Additionally, ONE NINETY is directly adjacent to the first monorail station on 90th Street, named One Ninety Station, which is connected to the project via a dedicated passageway, ensuring easy accessibility. This unique positioning makes ONE NINETY a standout development in New Cairo, catering to diverse client needs. Phase One of the Business Quarter (Quarter A) at ONE NINETY is set to house several major corporations and financial institutions, including: ● The Arab African International Bank (AAIB) Headquarters, spanning 24,000 square meters, accommodating approximately 2,000 employees, making it the largest of its kind in Egypt. ● The PWC headquarters, with over 800 employees. ● Several multinational and local companies, including Turkish Airlines, ADNOC's subsidiary Fertiglobe, and Chalhoub Group, which will soon open their offices. ● A diverse selection of high-end support retail brands, restaurants, and cafés, including several making their debut in Egypt. Eng. Amr Sultan, CEO of LMD, stated: 'ONE NINETY represents a transformative step in the development of integrated real estate communities and an inspiring vision for the future of entrepreneurship. The completion of Phase One (Quarter A) of the Business Quarter reflects our commitment to delivering projects that meet the highest standards of quality and innovation. We take pride in our partnerships with world-renowned institutions, reinforcing the project's position as a benchmark for business and investment in Egypt.' Sultan further added: 'The exceptional location of ONE NINETY in New Cairo has attracted investments of approximately EGP 900 billion. It is the ideal choice for companies seeking a modern and fully integrated business ecosystem. Our goal is to make this development a landmark destination for those looking to enjoy every moment of their time here while serving as a major attraction for both local and international investors. We are excited to witness its continued growth and success, and we look forward to completing the remaining phases, including the W Cairo Hotel, which we are developing in collaboration with leading global consultancies and luxury brands. The structural framework for W Cairo is expected to be completed by the end of 2025.' As Egypt and Africa's first-of-its-kind development, ONE NINETY embraces a forward-thinking approach to sustainability and reducing running costs, incorporating: ● Electric vehicle charging stations ● Energy-efficient solar panels ● Water recycling technologies to conserve natural resources LMD is committed to collaborating with global partners who share its sustainability-driven vision, including: ● SOM (Skidmore, Owings & Merrill), one of the world's leading architectural firms ● BGB, a renowned global engineering consultancy ● Marriott International, bringing its luxury W Hotels brand to Africa for the first time, redefining premium hospitality experiences About LMD Landmark Real Estate Development (LMD) is a leading real estate developer, established in 2007, specializing in creating exceptional residential and commercial experiences. Since its inception, LMD has been known for its innovative concepts and extensive expertise, delivering high-end, multi-use projects in Egypt's prime locations. The company is dedicated to building integrated communities that set new benchmarks for quality and design. As part of its expansion strategy beyond Egypt, LMD has launched several landmark projects in Dubai, Spain, and Greece. The company's portfolio includes 10 major developments in Egypt, such as: ● One Ninety ● Stei8ht ● There ● More Residences ● Office Villas ● Eastside ● Eastmed ● Zoya (North Coast) LMD has also expanded into Europe, launching 'Muntaner 91' in Barcelona, followed by five world-class projects in Greece, including 'Karaiskaki 15' and 'Archimidous 5.' For more information, please visit: Tax registration number: 276-421-116
