7. Hisham Talaat Moustafa

Designation: CEO and Managing Director
Company: Talaat Moustafa Group Holding (TMG Holding)
Country: Egypt
Establishment Date: 1970

Moustafa has been with TMG Holding for more than 40 years. TMG Holding develops large-scale integrated communities and tourism investment projects. The group has over 74 million square meters spread across Egypt. In September 2023, the group entered Saudi's market with a 10 million square meters smart city project “Banan”. In February 2024, the group completed the acquisition of a stake with management rights in seven hotels in Egypt, bringing their total hotels to 15 properties with 5,000 rooms. In the same month, the group reached an agreement with ADQ and Modon Properties to collaborate on the development of the Ras Al Hekma area on the North Coast, Egypt. TMG Holding recorded over $916 million in consolidated revenues in 2023, a 43% growth compared to 2022.