Egypt’s real estate sector continues to play an undeniable role in economic growth and development. As a leading player in the industry, and a responsible developer that has been up and running for over 60 years, it is of the utmost importance for us at Madinet Masr for Housing and Development to continue leveraging our expansive track record, and to deliver state-of-the-art developments that best serve the Egyptian population. Since Madinet Masr’s establishment, we have made significant strides in the industry, charging the market with innovative communities that are not only situated in Cairo’s most strategic locations, but also serve the needs of a diverse range of customer segments and demographics. It has always been our goal to provide premium housing options that are convenient and affordable to families across the country, and we continue to honor this commitment through our comprehensive developments.
At Madinet Masr for Housing and Development, we are dedicated to creating sustainable value for our esteemed shareholders, partners, the residents of our communities, and the environment at large. Our developments portfolio has grown substantially over the decades, having started off with the establishment of Cairo’s monumental Nasr City to developing two full-fledged communities – Taj City and Sarai. Through these developments, we offer our customers a vast spectrum of residences paired with one-of-a-kind amenities that cater to their every need, making luxury living a reality for families and the young adults of the Egyptian population. We continue to focus on the expansion of our operational footprint and client base through branching out our offerings in the real estate space in Egypt. In alignment with this, we successfully acquired real estate powerhouse MINKA Development, to introduce selling fully finished units to customers, in 2021. Moving forward, the foundation we have worked so diligently to build at Madinet Masr is what drives us as we continue carrying forward the legacy we created back in 1960 with the foundation of Nasr City, which was, and still is, the largest district in Cairo.
Hazem Barakat co-founded BPE Partners in 2006 with a vision to capitalize on his industry and operational expertise by investing in domestic businesses with growth potential. He is the Chairman of BPE Partners and B Investments and is a member of BPE Partners’ Investment Committee. Additionally, Mr. Barakat sits on the board of Madinet Masr, Total Egypt, and Al-Ismaelia. Prior to founding BPE Partners, he co-founded Miraco-Carrier, one of the region’s leading air conditioner manufacturers, as well as Engineering Plastic Manufacturing, a leading plastics manufacturer. Mr. Barakat holds a BSc in mechanical engineering from the New York Institute of Technology and is a member of the Egypt-based American Chamber of Commerce, the British Egyptian Business Association, and the Egyptian Businessmen’s Association. Previous directorships include the Egypt-US President’s Council, the Egyptian Economic Forum, and the Advisory Council of the School of Business, Economics, and Communication at The American University in Cairo (AUC).
A member of one of the most prominent business families in Egypt, and with more than 20 years of experience, Abdallah Sallam has managed and co-founded a number of ventures in multiple industries, including manufacturing, retail, media, and technology, before venturing into real estate.
Labeling himself a serial entrepreneur, Mr. Sallam co-founded and managed several businesses throughout his career. Most recently, he was the founder and CEO of Minka Real Estate Investment, a unique property innovator and developer with subsidiaries and interests in a multitude of ventures—construction, consultancy, and renewable energy). In October 2021, Minka was acquired by Madinet Masr, one of Egypt’s oldest and most influential urban developers, and Mr. Sallam was appointed as the new President and CEO of Madinet Masr.
Mr. Sallam brings to his position a wealth of expertise, innovative vision, strategy, and business modeling input across many ventures to help the company fulfill its robust growth strategy as one of the oldest and most influential real estate developers operating in the local market, with a legacy of more than 60 years.
He holds a BSc in mechanical engineering from The American University in Cairo (AUC), and he attended several executive education programs at Harvard Business School and Kellogg of Northeastern University, studying consumer marketing, strategy, pricing, and media. Mr. Sallam is also constantly involved in voluntary consultancy with young entrepreneurs and startups, and he has been invited to join many reputable boards. He currently sits on the board of Solarize Egypt, Minlo Trade & Manufacturing, Namaa Real Estate, Paradise Capital, Egyptian Kuwaiti Company for Real Estate Development, and Egyptian Food Bank.
Aladdin Saba boasts an expansive track record in the financial and investment fields. Saba was one of the founding partners of Beltone Private Equity, one of Egypt’s private equity firms, which was established in 2006. He also founded Beltone Financial, an investment banking institution with a focus on asset management, corporate finance, brokerage, and research. Mr. Saba is a Co-Founder of Hermes Financial, now known as EFG-Hermes. Prior to that, he was a Senior Portfolio Manager at Kidder Peabody & Co. Inc. in New York. He is currently the Chairman of Ebtikar, a board member of the Egyptian Center for Economic Studies (ECES), and a board member of Egypt-U.S. Business Council (EUSBC).
Eskandar Tooma is a tenured professor of finance at the School of Business at The American University in Cairo. He also held a visiting professorship position at Imperial College’s Business School in London, England. Mr. Tooma served as an executive board member and the Group Chief Financial Officer (CFO) of Swiss-listed Orascom Development Holding, AG (ODH), from 2013 to 2016. He was appointed to the Board of Directors effective 13 May 2013 and asked by the Board of Directors to step in as the CFO in July 2013. Mr. Tooma played a pivotal role in raising and structuring more than $500 million and restructuring the company’s organization, resulting in the successful turnaround from a previous three years of loss to a stable, profitable, regional real estate and hospitality leader.
Ahmed Omar founded Egyptian Water Works in 1990 to represent international organizations in Egypt’s water treatment and wastewater industry, successfully implementing multiple treatment and desalination projects with Italian technology. In 1999, Omar founded Midwater, which develops, owns, and operates water treatment plants treating industrial water and selling it to oil refineries under build-own-operate-transfer (BOOT) contracts. Midwater built its first plant in 2001 and a second one in 2006. Omar is also the Founder and Chairman of EWW Oil & Gas, which represents international organizations in Egypt’s power, oil, and gas sectors. EWW has successfully launched several projects using Japanese technology. Omar has sat on the Board of Madinet Masr since 2007, and he is part of the boards of Beltone Financial, TOTAL Egypt, and the El Gouna Red Sea Resort. He holds a BSc in chemical engineering from Cairo University.
Salah Katamish joined BPE Partners in 2008 after serving as a Brand Manager at Henkel Egypt, where he was responsible for the Persil (detergent) brand in Egypt. Mr. Katamish sits on the boards of Madinet Masr and Daikin Egypt.
Mr. Katamish holds a BA in Business Administration from The American University in Cairo (AUC) and an MBA from the London Business School.
Hisham Aboul Ata is the CEO and Managing Director at the Holding Company for Construction and Development (HCCD). He was a member of the boards of several companies, and he has many decades of experience in the field of civil engineering in Egypt and abroad. Prior to assuming his role at HCCD, Aboul Ata was Chairman of the Board and Managing Director at Al Nasr for Housing and Development. He also held a number of positions at Al Muntazah for Tourism and Investment, including Head of Engineering Affairs and Projects, as well as positions at Sabbour Consulting and Cairo University. Aboul Ata holds a BA in civil engineering from Cairo University.
Mushira Al Maghrabi is Chairwoman of the Board and Managing Director at the Zahraa Al Maadi Investment and Development Company. She is a member of the boards of several companies, including the Alexandria Construction Company and El Nasr Facilities Company. Al Maghrabi enjoys wide-ranging management experience, having held the roles of CEO and Managing Director at Maadi for Investment and Development and Managing Director at the General Egyptian Co. for Buildings. She was also a General Manager at El Abd Contracting. Al Maghrabi holds a degree in architecture.