Hisham Talaat Group: A Success Story in Egypt’s Real Estate development
Over the past 50 years, the Talaat Moustafa Group (TMG) has maintained its leadership in Egypt’s urban development sector, introducing the concepts of integrated urban societies into the construction and building patterns of its projects.
Hisham Talaat Mostafa, CEO and Managing Director of TMG, has been able to continue the group’s success. His extensive efforts have strengthened the group's acquisition of a number of local and international certificates in the field of real estate development.
Mostafa has pushed the company to rank as the Egyptian market’s best real estate developer, and the testimonies have extended to his efforts to the extent that he is described as the best Arab developer.
TMG’s experience as the developers behind Madinaty and Al-Rehab always top the distinguished experiences of the real estate sector. The group’s projects are characterised by developing cities and supporting various commercial and administrative activities, to meet the needs of the present and pave the way for a digital future.
They combine various services to meet customer needs, without compromising the environment.
Mostafa has also succeeded in enhancing the capabilities of his group, making it one of the largest real estate development companies in Egypt and the Middle East. TMG employs more than 16,500 employees, and boasts total investments amounting to about EGP 200bn. At the same time, the group’s capital and property rights amount to EGP 31.7bn, with assets amounting to more than EGP 102bn.
Mostafa is widely considered as Egypt’s best real estate developer, and the brains behind integrated community cities. His guidance has ensured that TMG has been crowned as the most important real estate developer in Egypt in 2018 and 2019.
TMG shares are among the most important and prominent traded on the Egyptian Exchange (EGX). Since their listing in 2007, the group has become the largest real estate company on the EGX, and the heaviest on the real estate sector index.
The group’s shares are also the second-largest relative weight on the main EGX 30 index, which is supported by their strong market performance. It also possesses the most important portfolio of land stocks in the real estate sector.
TMG seeks to introduce everything new to its projects, and for this, it has contracted with the Chinese company, Huawei, to convert its mega projects into smart cities. It has also allocated EGP 500m to convert its Al-Rehab, Madinaty, and Celia developments into smart cities.
The group purchased 500 feddan in the New Administrative Capital (NAC) to launch its huge project, Celia, with investments amounting to about EGP 35bn.