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Talaat Moustafa Group (TMG ) dominates the real estate sector on Forbes’ list of the 50 most powerful companies for the year 2023.

TMG has established itself as a prominent player in the real estate industry, attaining the sought-after first position on Forbes Middle East’s esteemed list of the strongest 50 companies in Egypt for the year 2023. With an impressive portfolio value of $5.3 billion and numerous development opportunities, it solidifies its dominance in the market through an extensive land area of 74 million square metres.

 Notable projects include Al Rehab City, within its vast 9.9 million square metres. Another remarkable venture is the mega project Madinaty, which, upon completion, will provide accommodation for approximately 700,000 individuals across its expansive 33.6 million square metres. Additionally, the ownership of four prestigious hotels located in prime areas such as Sharm El Sheikh, Alexandria, and Cairo extends TMG’s influence beyond real estate by being a prominent player in the hospitality sector as well.

It’s important to highlight that the Forbes 2023 list gives significant importance to the banking and financial services sector, showcasing 16 prominent companies. Following closely behind are the real estate and construction sectors, which boast eight featured companies.

The meticulous classification of this esteemed list was determined by carefully considering multiple factors, such as market value, sales, total assets, and net profits. These factors were analysed based on the financial statements and information provided by the companies listed on the Egyptian stock exchange.

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Talaat Moustafa Group (TMG ) dominates the real estate sector on Forbes’ list of the 50 most powerful companies for the year 2023.

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Hisham Talaat Moustafa

CEO & MANAGING DIRECTOR

Throughout more than 50 years of hard work, Talaat Moustafa Group (TMG) has become an effective national contributor leading urban development in Egypt, participating in establishing unprecedented standards in the real estate development industry to position its real estate and tourism projects as the ultimate model for sophistication and quality of life.

 

The blessing of the Almighty God and the trust of our partners in success, shareholders, and stockholders of our projects were and still are the main force and essential support in driving our path towards growth and prosperity.

As much as we strived to keep up with all the global changes during the past period, today we are about to instill new standards into our growth strategy with the aim of complying with the new changes and presenting residential and touristic products that conform with the needs of the era, as well as the essential standards and determining factors required by the nature of this stage.

To achieve this, we are now seeking to activate many elements that contribute to keeping pace with global developments in modern building technologies and to provide quality of life by applying all the fourth-generation cities’ requirements with the use of smart application systems. This would succeed in making the real estate development industry a real vessel for all economic activities and development services that extend to almost all aspects of life.

In addition, we are working to meet our customers’ aspirations and aim to reach our partners’ full satisfaction despite the market determinants and the high cost of investment, which would be achieved by employing programmes and comprehensive financial, administrative, and marketing solutions while ensuring that we fulfil our social responsibility through various national initiatives, especially in the fields of education, health, youth, and sports.