
Egyptian real estate tycoon Abdallah Sallam's Madinet Masr profit hit $58.3 million in 2024
The performance was driven by sustained market demand, strategic expansions, and a solid uptick in net operating revenues.
The performance was driven by sustained market demand, strategic expansions, and a solid uptick in net operating revenues.
Madinet Masr posts record $910.5 million sales in 2024, driven by strategic expansion and strong market demand, reinforcing its leadership in Egypt’s real estate sector.
The event, celebrating 100 years of Disney magic, reflects Madinet Masr’s commitment to enriching Egypt’s cultural and entertainment scene.
As part of the agreement, Korra Energy will lead the construction of a showroom in Tajed, a key component of Taj City’s broader mixed-use development.
The development projects, which are set to generate more than five million jobs, will help bridge the housing gap.
This partnership underscores the company’s strategic focus on expanding its presence in Egypt’s high-growth real estate market through key collaborations.
Net profit rose by 88.9 percent, exceeding $50 million, as contracted sales more than doubled and revenue surged 62.9 percent.
Madinet Masr seals a strategic partnership deal with Redcon Spain Construction for sprawling Sarai development.
Located near the New Administrative Capital on a 228,212-square-meter plot, Sheya is slated for completion within four years.