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.