Driving Growth in Egypt by

Developing Sustainable Communities

Annual Report 2023

At A Glance

We have cemented our position as a top-tier community developer and urban planner in Egypt, building upon our successful creation of Nasr City — the largest urban area in Greater Cairo. Since then, we have capitalized on our extensive market knowledge to embark on expansive ventures, focusing on crafting contemporary, integrated communities and innovative solutions. Presently, we are constructing three mixed-use developments, two situated in East Cairo and one in Assiut, aiming to redefine modern living standards in Egypt. With a focus on innovation, sustainability, and uncompromising quality, we strive to build communities where residents can thrive and connect

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A premier real estate developer meeting the housing requirements of millions of Egyptians since

1959
65
Years Of Operation
537
Employees
5,131
Deliveries – Active projects
17,009
Units sold – Active projects
22
Active Projects
8.7
BN EGP
Market Cap*
Explore Madinet Masr's 2023 Annual Report

Our Leadership

In 2023, we delivered exceptional results and significant operational milestones marked by successful launches across our developments and the introduction of innovative solutions to the real estate market

Chairman
Hazem Barakat

In terms of innovation, I am immensely proud to announce the launch of our new R&D arm “Madinet Masr Innovation Labs”, underscoring our commitment to our long-term vision of consistently delivering ground-breaking and cutting-edge solutions to the real estate market.

President & Chief Executive Officer
Abdallah Sallam

Our Developments

Shaping a Better Future

Madinet Masr has an unwavering commitment to implementing sustainable practices and driving social development across its communities. During the year, we worked on developing a strong framework for the future, with two main pillars guiding our sustainability strategy: Building for Tomorrow and Cultivating Communities. Under Building for Tomorrow, we prioritize reducing Madinet Masr's environmental footprint by fostering the development of eco-friendly communities.

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Cultivating Communities

In 2023, we commenced a series of initiatives aimed at tackling poverty, health and well-being, and establishing partnerships to drive social development. As such, Madinet Masr collaborates with key stakeholders in Egypt's development sector, with a focus on civil society organizations that have a meaningful on-ground impact, including the Egyptian Food Bank, Misr El-Kheir, Dialogue in the Dark, and the Egyptian Clothing Bank.

Iftar Saeem Program

During Ramadan, Madinet Masr launched the Iftar Saeem program, targeting underprivileged families with a focus on the most vulnerable individuals in Egypt. Through a collaborative partnership with the Egyptian Food Bank, the initiative provided families in Assiut with 10,000 food boxes that our employees helped pack as part of our employee engagement program

Ma'edet Rahman

In addition to the distribution of food boxes, Madinet Masr provided 7,500 meals that were distributed at Iftar time through a Ma'edet Rahman. The two initiatives together have been able to reach 53,000 beneficiaries and helped alleviate the risk of food insecurity among those who are most in need