Talaat Moustafa Holding Group, a leader in the field of real estate development, won two prestigious awards during the Egypt Best 2024 Summit, which was held today under the patronage of Prime Minister Dr. Mostafa Madbouly, to honor the best companies and most influential figures in the Egyptian economy and public life, and to celebrate those who are successful in Many development and social sectors, amid expanded ministerial sponsorship and participation, and the presence of a number of officials, economic leaders and policy makers.

Under the leadership of Engineer Hisham Talaat Mostafa, CEO and Managing Director, the group topped the list of the 100 most powerful companies in the Egyptian market, which is considered the most prominent award during the summit activities. Its list is prepared by Amwal Al-Ghad magazine, affiliated with the United Media Services Company, which organizes the summit activities in cooperation with a number of investment banks, accredited. An in-depth study of the largest and most important companies listed on the Egyptian Stock Exchange, through a set of criteria related to revenues, net profits, market value, and assets.

During the summit activities, the group also won the award for the most trusted real estate developer in the Egyptian market, which consolidates the company’s leading position in the Egyptian real estate sector and the economic strength that its brand has achieved, making it attract local and regional attention, and the great strides it has achieved in contributing to transforming the real estate landscape. Al-Masry has launched many projects that combine beauty and sustainability, as well as combining innovation and a deep understanding of customer preferences in terms of quality and prices.

The group is keen to provide world-class real estate solutions and customer-centric offers in all of its major projects, as it owns a land portfolio of 84 million square metres. It was the first to establish the first fully-serviced Sakina City, which the private sector is developing to become a model for distinguished modern housing, “Al-Rehab City” in Cairo. The new project, in addition to its giant “Madinaty” project, built on an area of eight thousand acres in New Cairo, as well as the “Celia” project in the New Capital and “Noor” City, the first integrated smart city in Capital Gardens, and in a pioneering step and in conjunction with the promising development plans in the Kingdom of Saudi Arabia, the group is taking Its first steps in the regional expansion of the Banan Riyadh project.

The awards were presented to the group by His Excellency Dr. Mohamed Maait, Minister of Finance, on behalf of the Prime Minister, Amr El-Feki, CEO of United Media Services Company, and Dina Abdel Fattah, Editor-in-Chief of Amwal Al-Ghad magazine, organizing the summit, represented by Mr. Omar Abdel-Rahman, Executive Vice President of Marketing for Talaat Moustafa Group, during the events. The summit, the results of which expressed the efforts of the Egyptian state and the private sector to promote economic growth despite the repercussions of the global crisis and conflict in Eastern Europe and the Middle East region, and emphasized the growing strength of the Egyptian economy, including companies and leadership figures capable of competing and succeeding.

The summit witnessed the participation of Dr. Nevin Al-Qabbaj, Minister of Social Solidarity, and many heads of institutions and bodies in Egypt participated, including Engineer Khaled Abbas, Chairman of the Board of Directors and Managing Director of the New Administrative Capital Company, Mr. Hossam Heiba, CEO of the General Authority for Investment and Free Zones, and Engineer/ Walid Gamal El-Din. Chairman of the Suez Canal Economic Zone, and Mr. Ahmed Al-Sheikh, Chairman of the Egyptian Stock Exchange.

The new session of the summit was held under the slogan “Successful Egyptian Models in an Era of Challenges,” as many companies and personalities were able to achieve exceptional successes during the past year, despite the challenges of global crises and geopolitical tensions that directly affected the economies of countries, including the Egyptian economy, and began to attract local and regional attention. With its multiple activities, it has also been able to redefine itself in economic sectors, as major players with the ability to drive sustainable growth and enhance economic activities.

Talaat Mostafa Group achieved unprecedented real estate sales in Egypt last year after recording 142.7 billion pounds, and the group recorded a combined net profit after taxes and non-controlling interests of approximately 3.3 billion pounds during the year 2023, compared to 2.3 billion pounds in the comparative year, an increase of 44%.

The group announced that it achieved revenues amounting to 6.79 billion pounds during the first three months of 2024, compared to 4.44 billion pounds in revenues achieved during the same period of the previous year, a growth rate of 53%, and the total combined profit amounted to about 3.34 billion pounds during the first three months of 2024 compared to At an amount of 1.56 billion pounds during the same period last year, with a growth rate of 111%, and the combined net profit after taxes amounted to about 4.14 billion pounds during the first three months of 2024, compared to an amount of 700 million pounds during the same period last year, with a growth rate of 491%.

The “Egypt for Better Summit” is one of the most prominent major events that annually celebrate those who succeed in all economic and social fields. Its first event was launched in 2015 and is held annually under the patronage of the Prime Minister and witnesses the participation of a group of ministers, officials, and executive leaders of major institutions operating in Egypt.