As Egypt moves toward a technologically advanced future, the real estate sector is witnessing a significant shift with the emergence of smart cities. In 2024, smart cities in Egypt are more than just a trend, they represent the nation’s commitment to sustainability, modern infrastructure, and cutting-edge technology. These urban hubs are designed to elevate residents’ quality of life by integrating advanced digital solutions into the very fabric of city life.
The Evolution of Smart Cities in Egypt: Pioneers of a Modern Landscape
Smart cities in Egypt are transforming the country’s urban landscape. These cities emphasize eco-friendly buildings, efficient public transport, renewable energy, and technology-driven services. By doing so, they are addressing key challenges, such as population density, energy demands, and environmental sustainability. The development of smart cities in Egypt not only aligns with the government’s Vision 2030 but also attracts investors and entrepreneurs keen on shaping a modern, tech-centric society.
Remarkable Figures Leading the Development of Smart Cities in Egypt
As Egypt embraces a future focused on innovation, sustainability, and technology, a group of visionary real estate tycoons is shaping this transformation by developing smart cities. These pioneers are setting new standards for urban living, integrating advanced infrastructure, sustainable energy solutions, and digital technologies that redefine what it means to live in a modern city. Let’s highlight the contributions of the top real estate tycoons who are leading the charge in developing smart cities in Egypt.
Leading Visionaries in Smart Cities in Egypt 2024
- Hisham Talaat Mostafa
Chairman and CEO of Talaat Moustafa Group
Hisham Talaat Mostafa, the CEO and Managing Director of Talaat Moustafa Group (TMG), is a driving force behind the development of smart cities in Egypt. With the ongoing development of comprehensive, high-quality communities like Madinaty, Al Rehab, Celia, and the newly launched Noor, Talaat Moustafa Group is redefining urban living in Egypt and beyond. These self-sufficient communities seamlessly integrate residential, commercial, and recreational spaces, powered by sustainable resources and state-of-the-art facilities that enhance the quality of everyday life.
In 2024, TMG achieved record-breaking sales of EGP 390 billion, fueled by the success of flagship projects such as SouthMED on the North Coast and the Banan project in Saudi Arabia. TMG is also expanding its reach internationally with a major venture in Saudi Arabia—a 10 million sqm mixed-use sustainable smart city. With these iconic projects his work embodies the true spirit of modern urban living.
- Naguib Sawiris
Executive Chairman and CEO of Orascom Investment Holding and Chairman of ORA Developers
Naguib Sawiris, a visionary real estate tycoon, is at the wheel of transforming Egypt’s future through his company, ORA Developers, by pioneering smart cities in Egypt that blend luxury living with cutting-edge technology. Landmark projects like Zed East and Solana East New Cairo, Zed West and Solana West Sheikh Zayed, and Silversands North Coast showcase advanced smart home systems, green infrastructure, and innovative designs that redefine modern urban living.
As Executive Chairman and CEO of Orascom Investment Holding, Sawiris leads a dynamic portfolio of high-growth ventures across Egypt and Africa, while his leadership at ORA has elevated the company to global prominence with prestigious international developments like Ayia Napa Marina (Cyprus), Eighteen (Pakistan), Yi Hotel Mykonos (Greece), and SilverSands (Grenada and Egypt). In September 2024, ORA Developers Egypt reached an outstanding EGP 145 billion in sales, positioning itself as one of the fastest growing and most influential real estate companies, both locally and internationally, with projects that continue to redefine excellence for the future of urban living.
- Samih Sawiris
Founder of Orascom Development Holding
Samih Sawiris, chairman of Orascom Development Egypt, has become a key figure in the luxury and sustainable real estate markets, setting new benchmarks for smart cities in Egypt. His flagship development, El Gouna, a premium resort town on the Red Sea, exemplifies how eco-friendly practices can seamlessly merge with high-end living. Sawiris prioritizes renewable energy, efficient water management, and digital integration across his projects, positioning them as leaders in sustainable urban development.
Orascom Development Holding (ODH), with over 30 years of experience, is a major player in creating fully integrated destinations. ODH’s diversified portfolio spans 7 countries, with notable projects like Taba Heights, Makadi Heights, and O West in Egypt. Recently, O West, located in 6th of October City, marked ODH’s first Cairo-based development.
- Yasseen Mansour
Chairman & CEO of Palm Hills Developments
Yasseen Mansour, a visionary real estate tycoon and the dynamic Chairman & Group CEO of Palm Hills Developments, is reshaping the future of smart cities in Egypt. His leadership is driving Palm Hills to the forefront of the real estate industry, with a relentless focus on pioneering, sustainable, and tech-integrated urban developments. Expanding Palm Hills’ influence beyond Egypt, Mansour is spearheading ambitious projects in Saudi Arabia, targeting high-growth cities like Jeddah, Riyadh, and northern regions.
Despite market challenges, Mansour’s strategic vision remains unshaken, with the company forecasting stability in Egypt’s real estate market. In 1H 2024, Palm Hills achieved an extraordinary 233% year-on-year sales increase, reaching EGP 65.5 billion in new sales, fueled by landmark developments in West Cairo and the North Coast.
- Amr Soliman
Founder & Executive Chairman of Mountain View
Amr Soliman, the Founder and Executive Chairman of Mountain View, has been the driving force behind the company’s extraordinary growth and success. Under his visionary leadership, Mountain View has witnessed exceptional sales performance, largely fueled by the triumph of iconic projects like Mountain View iCity and Mountain View Ras El Hikma.
The company continues to expand its reach with innovative residential and commercial developments, including new standout projects such as Plage North Coast, Kingsway in 6th of October, and Aliva in Mostakbal City. These ventures reflect Mountain View’s commitment to cutting-edge designs and sustainable living. By enhancing community facilities and infrastructure, Mountain View is shaping a future where superior living experiences are the norm, solidifying its position as a key player in Egypt’s real estate market.
Egypt’s Smart City Initiatives: A Step Towards the Future
The Egyptian government’s commitment to building smart cities in Egypt goes beyond individual developers. Initiatives such as the New Administrative Capital and Alamein City illustrate a nationwide effort to create modern, durable cities that support Egypt’s growing population. These smart cities in Egypt are designed to handle urban challenges through technology, offering solutions for traffic congestion, waste management, and renewable energy.
With support from influential figures, smart cities in Egypt have the potential to change the urban experience. Enhanced connectivity, innovative public services, and improved energy management are just some of the benefits that these visionary cities offer.
The Impact of Smart Cities on Egypt’s Economy
The rise of smart cities in Egypt is also a significant boost to the economy. By attracting foreign investment and creating new job opportunities, these developments contribute to economic growth and position Egypt as a regional leader in sustainable urban planning. Developers are not only creating futuristic living spaces but also reinforcing Egypt’s real estate market as a global powerhouse.
The Future of Smart Cities in Egypt: Opportunities and Growth
As smart cities in Egypt continue to expand, they are set to become central to the country’s urban landscape. The integration of technology in urban planning and architecture marks a new era for Egypt, where cities can operate more efficiently, reduce their environmental footprint, and offer a higher quality of life. With these transformative developments, smart cities in Egypt are not just a vision, they are the reality of tomorrow
Reference: Enigma Magazine
