Latest news with #SouthMed
Zawya
08-05-2025
- Business
- Zawya
Egypt: Talaat Moustafa Group records $3.15bln in sales year-to-date
Egypt - Talaat Moustafa Group (TMG), a prominent developer and investment company in Egypt's real estate and hospitality sectors, has recorded total real estate sales of EGP 160bn year-to-date. This performance includes EGP 70bn in sales achieved in a single day from the second phase launch of its North Coast project, SouthMed. The company announced that the second phase launch of SouthMed generated EGP 70bn in sales on one day, a div that surpassed the demand observed during the project's first phase in 2024. Approximately 5,100 units were sold on that day, bringing the total sales for the SouthMed project to over EGP 352bn since its inception in July 2024. Talaat Moustafa Group overall real estate sales of EGP 160bn year-to-date represent a 127% year-on-year growth. In a disclosure to the Egyptian Exchange on Wednesday, the group stated that this achievement confirms its position in the market, with its sales performance serving as a clear and solid benchmark. The group's performance in 2025 follows a strong 2024, when its sales surpassed EGP 500bn. TMG reported a 70% compound annual growth rate (CAGR), which it said demonstrates the strength of its business model and brand. The company attributed its success to strong trust from over 200,000 high-net-worth clients, deep market insight, high-quality developments, and innovative payment systems that it stated are influencing standards across Egypt's real estate sector. Talaat Moustafa Group has surpassed EGP 1trn in cumulative real estate sales. The company holds a land bank of over 107 million square metres and is pursuing regional expansions aimed at boosting its growth and foreign currency generation. The company highlighted its entry into the Saudi market last year as a significant development, noting it as the first Egyptian developer to export high-quality real estate to Gulf countries on this scale and an entity that has set new benchmarks in the region. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Daily News Egypt
07-05-2025
- Business
- Daily News Egypt
Talaat Moustafa Group records EGP 160bn in sales year-to-date
Talaat Moustafa Group (TMG), a prominent developer and investment company in Egypt's real estate and hospitality sectors, has recorded total real estate sales of EGP 160bn year-to-date. This performance includes EGP 70bn in sales achieved in a single day from the second phase launch of its North Coast project, SouthMed. The company announced that the second phase launch of SouthMed generated EGP 70bn in sales on one day, a figure that surpassed the demand observed during the project's first phase in 2024. Approximately 5,100 units were sold on that day, bringing the total sales for the SouthMed project to over EGP 352bn since its inception in July 2024. Talaat Moustafa Group overall real estate sales of EGP 160bn year-to-date represent a 127% year-on-year growth. In a disclosure to the Egyptian Exchange on Wednesday, the group stated that this achievement confirms its position in the market, with its sales performance serving as a clear and solid benchmark. The group's performance in 2025 follows a strong 2024, when its sales surpassed EGP 500bn. TMG reported a 70% compound annual growth rate (CAGR), which it said demonstrates the strength of its business model and brand. The company attributed its success to strong trust from over 200,000 high-net-worth clients, deep market insight, high-quality developments, and innovative payment systems that it stated are influencing standards across Egypt's real estate sector. Talaat Moustafa Group has surpassed EGP 1trn in cumulative real estate sales. The company holds a land bank of over 107 million square metres and is pursuing regional expansions aimed at boosting its growth and foreign currency generation. The company highlighted its entry into the Saudi market last year as a significant development, noting it as the first Egyptian developer to export high-quality real estate to Gulf countries on this scale and an entity that has set new benchmarks in the region.
See - Sada Elbalad
16-04-2025
- Business
- See - Sada Elbalad
Forbes Reveals Most Impactful Real Estate Leaders in 2025
Taarek Refaat The leaders of the most influential real estate companies in the Middle East, featured on the Forbes 2025 list, play a pivotal role in establishing the region as one of the leading drivers of the global real estate market. The sector recorded strong performance in 2024, reflected in remarkable growth, record investment deals, and increased investor confidence. This year's list includes the top 100 developers and decision-makers working to transform the real estate landscape in the Middle East and North Africa. Forbes research team ranked these leaders on this year's list based on a set of criteria, including the number of years of experience for each leader, the value of completed and ongoing projects, the company's financial position in terms of total assets and revenues when available, in addition to the value or area of the land portfolio and the number of real estate units owned. The UAE dominates the "Most Impactful Real Estate Leaders in the Middle East 2025" list with 42 company leaders, followed by Saudi Arabia with 21 leaders, and Egypt with 16 leaders. Hussain Sajwani Topping this year's ranking is Hussain Sajwani, founder and chairman of Damac Properties. In February 2025, Damac announced the pricing and settlement of its $750 million, 3.5-year unsecured sukuk, issued under the Reg S framework, its largest issuance to date. Sajwani's wealth saw a significant jump, rising from $5.1 billion in March 2024 to $10.2 billion in March 2025. Mohamed Alabbar Second on the list is Mohamed Alabbar, founder and managing director of Emaar Properties, followed by Talal Al Dhiyebi, CEO of Aldar Properties. The dominance of the three UAE leaders in the top spots reflects the country's established position as a leading real estate hub in the region. In addition to Hussain Sajwani, this year's list includes four other billionaires, according to the Forbes Billionaires list released in March 2025. They are: Mohamed Alabbar, with an estimated net worth of $2.3 billion; PNC Menon, founder of the Sobha Group, with an estimated net worth of $4.3 billion; Kabir Mulchandani, founder and executive chairman of Five Holdings, with an estimated net worth of $2.2 billion; and Yassin Mansour, chairman and group CEO of Palm Hills Developments, with a net worth of $1.2 billion. The five billionaires on the list have a combined net worth of $19.3 billion. Hisham Talaat Moustafa Egypt's Hisham Talaat Moustafa came fourth on the list with for over 40 years experience in the realestate sector. In 2024, the group succeeded in nearly tripling its real estate sales, reaching $10 billion, after selling more than 29,000 units, thanks to the launch of the Banan project in Saudi Arabia and the South Med project on Egypt's North Coast. The group also completed its acquisition of Legacy Hotels and Tourism Projects, which owns seven historic hotels in Egypt, bringing its total number of hotel rooms to 5,000. As a result, hospitality sector revenues jumped by 225%, reaching $255 million in 2024. As of March 2025, the group's total land area reached 107 million square meters. The list covers a diverse range of companies, from established institutions to ambitious startups. Bahraini company Kanoo Real Estate, led by CEO Mohammed Abdulelah Al Kooheji, is the oldest real estate developer on the list, having been established in 1890. The newest company on the list is the UAE-based One Real Estate Development, founded by Chairman Ali Al-Jubaili in 2024. In an effort to foster dialogue on the future of the real estate sector, Forbes Middle East will hold "Building the Future" Summit in Abu Dhabi on May 26 and 27, 2025, before launching the inaugural edition in Tripoli on May 29 and 30. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Arts & Culture Arwa Gouda Gets Married (Photos)
Daily News Egypt
16-04-2025
- Business
- Daily News Egypt
Hisham Talaat Moustafa among top 4 in Forbes' Middle East Real Estate Leaders list
Egyptian businessman Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Group Holding (TMG Holding), has been named among the most influential real estate leaders in the Middle East for 2025 by Forbes Middle East magazine. The ranking acknowledges Hisham Talaat Moustafa's position as a leading developer in the region, contributing significantly to urban development in both Egypt and Saudi Arabia. Hisham Talaat Moustafa secured fourth place in the 'Top Real Estate Leaders in the Middle East 2025' list, making him the sole Egyptian in the top ten. This marks an improvement from his seventh-place ranking in 2024. The advancement follows the launch of large-scale real estate and tourism projects, including 'SouthMed' on the North Coast of Egypt and 'Banan' in Riyadh, Saudi Arabia. These projects propelled TMG Holding's sales beyond EGP 0.5 trillion, a first for an Egyptian real estate company. Forbes highlighted Hisham Talaat Moustafa's achievements, noting that in 2024, the real estate group's sales tripled to approximately $10bn, driven by the sale of over 29,000 units. This success was attributed to the launch of the Banan project in Saudi Arabia and the SouthMed project on Egypt's North Coast. Hisham Talaat Moustafa has over 40 years of experience in the field. The magazine also noted Hisham Talaat Moustafa's successful acquisition of Legacy Hotels and Tourism Projects, a company owning seven historic hotels in Egypt. This acquisition increased TMG Holding's total hotel room count to 5,000. As a result, the hospitality sector's revenues surged by 225% to reach $255m in 2024. As of March 2025, the total land area of TMG Holding's projects stood at 107 million square metres. The 'Top Real Estate Leaders in the Middle East 2025' list features 42 company leaders from the United Arab Emirates, followed by Saudi Arabia with 21, and Egypt with 16.
Al-Ahram Weekly
16-04-2025
- Business
- Al-Ahram Weekly
THE MIDDLE EAST Most Impactful Real Estate Leaders 2025 - Sponsored
THE MIDDLE EAST Most Impactful Real Estate Leaders 2025 Hisham Talaat Moustafa Designation : CEO & Managing Director : CEO & Managing Director Company : Talaat Moustafa Group Holding (TMG Holding) : Talaat Moustafa Group Holding (TMG Holding) Headquarters : Egypt : Egypt Established: 1970 Moustafa has been with TMG Holding for more than 40 years. In 2024, the group nearly tripled its property sales to $10 billion, selling over 29,000 units, thanks to the launch of the Banan project in Saudi Arabia and the SouthMed project on Egypt's North Coast. The group also completed the acquisition of Legacy Hotels and Tourism Projects Company, the owner of seven iconic historic hotels in Egypt, bringing its total number of rooms to 5,000. As a result, the hospitality revenue surged by 225% to $255 million in 2024. As of March 2025, the company had a total land bank of 107 million square meters. Follow us on: Facebook Instagram Whatsapp Short link:
