Talaat Moustafa Holding Group one of the top Egyptian companies among the Forbes global list of the 50 most powerful real estate companies in the Middle East and North Africa 2021
Talaat Moustafa Holding Group also exceeded its previous sales record by more than 27.5 billion pounds during the first nine months of 2021, raising its sales forecast to 30 billion pounds for the fiscal year 2021.
The holding company owns 74 million square metres of land and will have $8 billion in assets at the end of June 2021. More than 120,000 real estate units have been established by the company. Its most recent project, “Noor,” includes approximately 120,000 housing units, a 5-star hotel, and non-residential facilities. While the group recorded a net profit of $26.8 million in the second quarter of 2021, a 39 percent increase from the same period last year’s net profit of $19.3 million.
Talaat Moustafa was ranked tenth on the Forbes list, while Palm Hills Real Estate Development Company came in the 21st place, Meamar Al-Morshedy Company in the 24th place, and the Sixth of October Development and Investment Company (SODIC) in the 36th place.
Great job and a thankful effort, Talaat Mustafa, and always from success to success.