Egypt’s real estate sector has emerged as one of Africa’s most capital-intensive wealth engines, fueled by population growth, urban migration, currency repricing, and state-backed mega cities.
From New Cairo to the New Administrative Capital and the North Coast, a new generation of property billionaires and power developers is reshaping how Egyptians live, work, and invest.
By 2026, the country’s leading real estate moguls will no longer just be builders of homes. They are architects of satellite cities, tourism hubs, logistics corridors, and mixed-use ecosystems that anchor Egypt’s long-term economic strategy.
Their companies collectively control tens of millions of square meters of land, employ hundreds of thousands, and generate billions of dollars in contract sales annually, often outperforming inflation and currency volatility.
What sets this elite group apart is scale and adaptability. While macro pressures have tested balance sheets, Egypt’s top developers have leaned into premium housing, off-plan sales, tourism-linked assets, and regional expansion into Saudi Arabia, North Africa, and Europe. Sustainability, smart infrastructure, and branded communities are now core to their growth playbooks.
From Talaat Moustafa’s mega cities to the Sawiris family’s global resort empire, Shore Africa presents these ten moguls who sit at the heart of Egypt’s urban future, and among the most influential property powerbrokers on the African continent.
1. Naguib Sawiris
Net Worth: $5.1 billion
Egypt’s second-richest man with diversified real estate exposure via Orascom Development. Known for luxury, tourism-driven developments like El Gouna. Continues investing in hospitality and landmark urban projects near Egypt’s heritage sites while maintaining a global footprint across Europe and the Middle East.
2. Yasseen Mansour
Net Worth: $1.2 billion
Chairman of Palm Hills Developments and a Mansour Group heavyweight. Oversees a 29 million sqm land bank across 34 projects. In 2024, Palm Hills posted a 56 percent revenue jump. Beyond property, he controls GM and Caterpillar distribution across Egypt and regional markets.
3. Samih Sawiris
Net Worth: $850 million
The architect of El Gouna and chairman of Orascom Development Holding. His integrated resort-city model spans Egypt, Switzerland, Montenegro, and Oman. In 2025, he expanded into Morocco with the $400 million Essaouira Mogador redevelopment, reinforcing his tourism-real estate dominance.
4. Hisham Talaat Moustafa
Chairman of Talaat Moustafa Group, Egypt’s largest developer by sales. Flagship projects Madinaty and Al Rehab house hundreds of thousands. In the nine months of 2025, TMG posted EGP323.8 billion ($6.88 billion) in contract sales, driven by SouthMed and Saudi expansion. His group dominates Egypt’s premium master-planned city segment.
5. Hassan Allam
Chairman of Hassan Allam Holding, one of Egypt’s oldest construction and real estate groups. Active in New Alamein and the New Administrative Capital, with operations across Africa and the Gulf. The group also leads in renewables and logistics-linked infrastructure development.
6. Hany El Assal
Chairman of Misr Italia Properties, known for design-driven, sustainable developments. Flagship projects include IL Bosco and Cairo Business Park. With a 7.1 million sqm land bank, MIP has emerged as a premium mixed-use developer partnering with global brands like Marriott.
7. Abdallah Sallam
CEO of Madinet Masr, the developer behind Taj City and Sarai. Rebranded the firm in 2023, pushing smart urban living and commercial expansion. In 2024, contract sales neared $1 billion, reinforcing Madinet Masr’s revival as a top-tier developer.
8. Mohamed Morshedy
Founder and CEO of Morshedy Group, a leader in large-scale residential developments. Known for Zahraa El Maadi and Degla Palms. The group’s acquisition of Fouda Tower signals a push into luxury mixed-use assets, alongside mega projects like Skyline.
9. Walid Zaki
CEO of Pioneers Properties for Urban Development. Oversees assets nearing $1 billion, with a land bank exceeding 12 million sqm. The IVOIRE East project underscores his focus on high-density, middle-income urban communities integrated with modern infrastructure.
10. Ahmed Shalaby
CEO of Tatweer Misr, one of Egypt’s most innovative developers. Projects include Il Monte Galala, Fouka Bay, and Bloomfields. Has expanded into Saudi Arabia via strategic partnerships, positioning the firm as a regional smart-city and lifestyle developer.
