Latest news with #CitiesoftheWorld
Daily News Egypt
3 days ago
- Business
- Daily News Egypt
Madinet Masr launches ‘Cities of the World' in UAE to drive regional expansion
Madinet Masr, one of Egypt's leading real estate developers, has announced the establishment of a wholly owned subsidiary in Dubai, United Arab Emirates, under the name 'Cities of the World.' The new entity will serve as the company's regional arm, responsible for managing all Madinet Masr projects outside Egypt. This strategic move marks a major step in the company's broader expansion plan, aimed at strengthening its presence across the region and tapping into new real estate markets. Through 'Cities of the World,' Madinet Masr seeks to export its proven development model and contribute to shaping sustainable, modern communities throughout the Middle East and beyond. Abdallah Sallam, President and CEO of Madinet Masr, commented: 'The launch of 'Cities of the World' is a key milestone in executing our vision for regional growth. It reflects our commitment to extending Madinet Masr's legacy beyond Egypt's borders and positioning ourselves as a leading player in the wider real estate landscape. We believe this step will unlock high-potential markets and create new opportunities aligned with our long-term goals.' As part of the announcement, Madinet Masr revealed its intention to appoint Mohamed Lashien, the company's Senior Vice President of Product Development, as Managing Director of 'Cities of the World' upon its official establishment. The decision highlights Lashien's extensive experience and successful track record in leading several of Madinet Masr's landmark developments. The move underscores Madinet Masr's ambition to evolve into a regional powerhouse while staying true to its core values and legacy. With over 60 years of history in Egypt's real estate market, the company continues to build on its foundation of quality, innovation, and community-focused development.
Egypt Today
3 days ago
- Business
- Egypt Today
Madinet Masr Begins the Process of Establishing a Subsidiary in the UAE Under the Name "Cities of the World" to Support Its Regional Expansion
Madinet Masr (EGX: one of Egypt's leading real estate development companies, announced that it has begun the process of establishing a wholly owned subsidiary in the Emirate of Dubai under the name "Cities of the World." Once finalized, the new entity will be responsible for managing and overseeing all Madinet Masr's projects outside the Arab Republic of Egypt. This initiative is a key part of Madinet Masr's strategic expansion plan, which aims to strengthen the company's regional and international presence and unlock new opportunities across a range of real estate development sectors. The move reflects the company's long-term vision of developing sustainable and modern communities across the on the announcement, Eng. Abdallah Sallam, President & CEO of Madinet Masr, stated 'Initiating the process to establish 'Cities of the World' marks a significant milestone in executing our strategic goal of regional expansion. This step reflects our dedication to extending Madinet Masr's legacy beyond national borders and positioning ourselves at the forefront of regional real estate development. We are confident this direction will enable us to enter promising markets while exporting our successful development model.' Madinet Masr also announced its intention to appoint Eng. Mohamed Lashien, the company's Senior Vice President of Product Development, as Managing Director of "Cities of the World" upon the company's official establishment. This decision reflects his extensive experience in the real estate sector and his leadership of several landmark projects in Egypt. This milestone underscores Madinet Masr's ambition to grow its regional footprint while maintaining the company's core values and legacy built over more than sixty years in the Egyptian real estate market.
Tahya Masr
3 days ago
- Business
- Tahya Masr
Madinet Masr Begins the Process of Establishing a Subsidiary in the UAE
Madinet Masr (EGX: one of Egypt's leading real estate development companies, announced that it has begun the process of establishing a wholly owned subsidiary in the Emirate of Dubai under the name "Cities of the World." Once finalized, the new entity will be responsible for managing and overseeing all Madinet Masr's projects outside the Arab Republic of Egypt. This initiative is a key part of Madinet Masr's strategic expansion plan, which aims to strengthen the company's regional and international presence and unlock new opportunities across a range of real estate development sectors. The move reflects the company's long-term vision of developing sustainable and modern communities across the region . Commenting on the announcement, Eng. Abdallah Sallam, President & CEO of Madinet Masr, stated 'Initiating the process to establish 'Cities of the World' marks a significant milestone in executing our strategic goal of regional expansion. This step reflects our dedication to extending Madinet Masr's legacy beyond national borders and positioning ourselves at the forefront of regional real estate development. We are confident this direction will enable us to enter promising markets while exporting our successful development model . Madinet Masr also announced its intention to appoint Eng. Mohamed Lashien, the company's Senior Vice President of Product Development, as Managing Director of "Cities of the World" upon the company's official establishment. This decision reflects his extensive experience in the real estate sector and his leadership of several landmark projects in Egypt. This milestone underscores Madinet Masr's ambition to grow its regional footprint while maintaining the company's core values and legacy built over more than sixty years in the Egyptian real estate market.
