Talaat Moustafa Group, which is headed by businessman Hisham Talaat Moustafa, is one of the biggest beneficiaries of improved tourism revenues, according to a report issued by investment bank « Shuaa », which pointed out that Talaat Moustafa Group is one of three companies in the Egyptian Stock Exchange can benefit from the improvement of the sector. Tourism, where the Central Bank issued a report on the balance of payments in which revealed the increase in tourism revenues by 28% to reach $ 12.6 billion in 2018-2019, marking the highest increase in the history of the tourism sector in Egypt.
In his report, the investment bank referred to Hisham Talaat Moustafa Group, Orascom and Palm Hills by market value within the real estate sector.
Talaat Moustafa Group Holding
Talaat Moustafa Holding Group has recently joined the list of the 100 strongest listed companies in the Middle East, according to Forbes magazine’s rating. Hisham Talaat Moustafa Group’s portfolio currently comprises 875 rooms in four hotels, Four Seasons Nile Plaza in Cairo, Four Seasons San Stefano in Alexandria, Four Seasons Sharm El Sheikh and Kempinski Nile Hotel. The group is also poised to expand by adding 97 rooms in 2020 through its Four Seasons Hotel Sharm El Sheikh, and adding 346 rooms in 2021 through its Four Seasons Hotel Madinaty.
With the addition of 1,318 rooms by 2021, the contribution of the hospitality sector to Hesham Talaat Moustafa Group’s revenues has historically averaged 12%, one of the revenue generating sectors of Hesham Talaat Moustafa Group, which accounted for 31% of revenues. The company was launched in 2018. It is now an overview of the Four Seasons Hotels Group created by real estate developer Hisham Talaat Moustafa…