Hisham Talaat Moustafa name has been linked to the icon of the real estate sector in Egypt, in light of its huge successes in the establishment of integrated communities, proud of the entire real estate market, but some do not know that the CEO of Talaat Moustafa Group, also succeeded in the tourism sector The establishment of the Five Star hotels on the Corniche of the Nile, the coast of Alexandria and Sharm El Sheikh has made it a destination for famous artists and presidents during their visit to Egypt.
Hisham Talaat Moustafa owns four hotels: Four Seasons Nile Plaza in Cairo, Four Seasons San Stefano in Alexandria, Four Seasons Sharm El Sheikh and Kempinski Nile Hotel.
Four Seasons Resort Sharm El Sheikh
Hisham Talaat Moustafa Mishwar started the construction of the largest luxury hotels in Sharm El Sheikh in 2002, when he built the best real estate developer in Egypt. A few minutes from Sharm El Sheikh International Airport.
Four Seasons Sharm El Sheikh includes dozens of luxurious villas each with a private pool and jacuzzi, as well as more than 100 chalets, as well as various restaurants with stunning views of the Red Sea, multiple pools, a private beach, a water sports area and a health club.
Since the early seventies, Eng. Talaat Moustafa started working with his three sons in the field of contracting in Egypt. The family developed their work and focused on quality, prompt delivery and adherence to the detailed specifications of the housing units at the time.
Opportunities in real estate development
In the mid-1980s, Mr. Hisham Talaat Moustafa began to look forward to the expansion of real estate development on a large scale after providing an opportunity in the government-sponsored development program that began in 1983 to address the housing shortage in Egypt and to improve the quality of life for citizens. As part of the program, the government allowed the private sector to undertake development work, and promoted the development of a series of nine new satellite cities in untapped desert areas across Cairo that would connect with each other through the ‘ring road’.
The development of the green village
In 1987, the group’s real estate activity began with the opening of the 84,000 square meter ‘Rawda Al Khadra’ village in Abu Youssef, Alexandria. The project was sold by 1990.
The Talaat Moustafa Group tried to develop larger areas of land on the outskirts of Cairo. In 1996, it began developing the first phase of the company’s flagship project, Rehab City 1, located in New Cairo, the first fully integrated residential and utility complex in Egypt. Based on the increased demand for real estate in the area of ‘Rehab 1’ the group began sales during the construction, which is estimated to be fully completed by 2017. During the same year will open ‘Rabwa 2’.
Similar to the long-standing success and expertise in the Egyptian market, Talaat Moustafa Group is currently opening new markets in the development of residential communities, hotels and resorts, which include the establishment of a joint venture in Saudi Arabia, as well as the expansion of opportunities in the Gulf, in addition to expansions. It is undertaking within Egypt of setting up new hotel projects and resorts in locations such as Marsa Alam, Luxor, and more in the near future.
A large number of new companies have emerged in the real estate market in the past period, after the huge investments made by the government to develop new cities and communities to increase the area of qualified population areas, but despite this expansion there are a limited number of companies are considered the most important real estate companies in Egypt, and top hisham Talaat Moustafa Holding Group Real estate companies in Egypt, for several reasons we monitor the following report .
Talaat Moustafa Group topped the list of the most important real estate investment companies in terms of land portfolio, with a total area of more than 45 million square meters, distributed between the Madinaty project in New Cairo, an area of 33.6 million square meters, and then the city of Rehab and an extension of an area of 4.5 million square meters. »,The city of Marsa Alam with an area of 3.3 million square meters, and then the project Celia in the capital of the new administration, an area of 2.1 million square meters, and the extension of the Four Seasons Hotel Sharm el-Sheikh with an area of 957 thousand square meters, extension Rabwa project in Sheikh Zayed area of 819 thousand square meters.