About TMG
Chairman's Message
Dear TMG Clients,

Chairman.jpg It is with great pleasure that I introduce to you TMG Holding. TMG is the leading community real estate developer in Egypt, drawing upon a longstanding experience in the real estate and hospitality industries that has exceeded 20 years.

The Group has a successful track-record in which over 8.5 mn sqm of land were developed, over 57 thousand real estate units with a BUA that exceeded 9 mn sqm were sold and four luxury hospitality complexes were developed and managed by international renowned operators’ in addition to the ongoing real estate and hospitality projects. Today, our land bank is 50 mn sqm of land in prime locations in Egypt and the Kingdom of Saudi Arabia.

Our credibility was founded on the firm belief in quality, value, commitment, affordability and providing innovative customer oriented solutions that are always flexible enough to meet their changing needs.

We are also committed to our investors to maintain steady growth rates, enhance profit margins, manage our cashflow and optimize return on capital. We are continuing to apply our low risk, self finance business model which has proved to be successful over the past years and exploring innovative financing techniques. In parallel, we are implementing our geographical expansion and business line diversification plan to increase the weight of stable income of the Group.

Our performance is built on a solid organizational structure and backed with strong corporate governance practices, highly skilled employees and a dedicated management team. In addition to the board, the executive management of the company is composed of 13 Vice Presidents. A number of committees including the Steering Committee, Higher Management Committee and Executive Committee support the Management decision making process. In addition, over 3,000 professionals are directly employed in the various sectors and subsidiary companies of the Group and a workforce of approximately 60,000 technical staff is indirectly operational in the various projects’ sites.

TMG takes an active role in fulfilling its social responsibility for the impact of its activities on the customers, suppliers, employees, shareholders, communities and other stake holders as well as the economic and environmental sustainability of its projects.

Our vision is the concept of a unique lifestyle community development; For TMG was the first to identify the huge unmet demand and the lack of integrated modern communities in Egypt to cater to the rising middle and upper middle classes and meet all of their lifestyle needs by providing facilities and services on site. Therefore, it pioneered the development of large scale self contained community complexes and to date our unprecedented ventures remain unique.

Over its lifetime, TMG had pulled off a series of signature compounds developed in the North coast of Egypt and then on the outskirts of Cairo. Namely: Al Rawda Al Khadra and Virignia Beach in the North Coast, May Fair in Al Shorouk, East of Cairo, Al Rabwa in Al Sheikh Zayed, West of Cairo, and the flagship development Al Rehab in New Cairo. That was eventually followed by Al Rehab extension and Madinaty, the largest fully integrated development in Egypt spanning over 33.6mn sqm of land. Both projects, which are currently under development, were conceived on the back of the huge success of Al Rehab city.

TMG is also expanding in the region with an eye on markets with shared similarities to the Egyptian real estate market, such as a stable legal environment, favorable demographics and unmet domestic demand. TMG’s “Nasamat Al Riyadh” project in the Kingdom of Saudi Arabia will be the first step towards fulfilling this plan.

In addition, TMG owns three Four Seasons operated large scale luxury hotel complexes including high-end residencies, shopping malls and office parks in Cairo, Alexandria and Sharm ElSheikh and a Boutique Hotel operated by Kempinski in downtown Cairo that is specifically tailored to cater to the needs of business travelers.

Finally, the Group has also initiated a business line diversification starting with the development of four additional Hotel & Resort projects and a plan of expanding the development of hospitality and non residential community services within its projects; be it commercial, medical, educational, etc. with a view to increase the contribution of stable and recurring income to the Group's total income.

Sincerely,
Tarek Talaat Moustafa
Chairman
 
 
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