Egyptian City Company has announced the inclusion of its CEO and Managing Director, Abdullah Salam, in Forbes Middle East's list of the 100 most influential leaders in the real estate sector for 2026. This recognition comes for the third consecutive year since the list was launched in 2024, reflecting the strong performance the company continues to achieve.
The achievements of Egyptian City are based on a clear strategic vision that guides its journey towards growth and expansion. The company has successfully enhanced its position in the real estate market by developing integrated urban projects that meet customer needs and keep pace with sector developments.
Event Details
Abdullah Salam has successfully implemented the growth strategy of Egyptian City, which focuses on diversifying its portfolio of subsidiaries. This strategy includes vertical expansion and maximizing the benefits from its asset base and strategic land portfolio, with an emphasis on innovation and sustainability within its expansion plans. These steps support its contribution to urban development and align with Egypt's Vision 2030.
The year 2025 witnessed significant steps towards regional expansion in Saudi Arabia and the United Arab Emirates, reflecting the company's ambitions to broaden its business scope.
Background & Context
In terms of financial performance, Egyptian City achieved an unprecedented milestone by recording the highest new sales value in its history, reaching 52.1 billion Egyptian pounds, marking an increase of 11%. This achievement reflects the strength of the company's business model and the resilience of its expansion strategy.
The company also succeeded in selling 4,462 units during the year, while the number of delivered units rose to 1,941, showing a remarkable increase of 201% compared to the previous year. These figures confirm Egyptian City's commitment to meeting delivery schedules and enhancing customer trust.
Impact & Consequences
Revenue reached 11.7 billion Egyptian pounds during 2025, representing an annual growth of 38%. Net profit recorded 3.6 billion Egyptian pounds, with an annual growth rate of 24%. These successes reflect Egyptian City's path towards more sustainable growth, based on the strength of its performance in the Egyptian market since 2022.
The company continues to expand its operations both locally and regionally, while continuing to create sustainable value for the real estate sector, enhancing its position and qualifying it for inclusion among the top 10 real estate developers in Egypt.
Regional Significance
Abdullah Salam's selection in Forbes' list of the strongest leaders in the real estate sector serves as a positive signal for the real estate market in the region. This achievement reflects the ability of Arab companies to compete in global markets and boosts confidence in the future of the real estate sector in Arab countries.
In conclusion, the achievements of Egyptian City under the leadership of Abdullah Salam remain a model to be emulated in the field of real estate development, contributing to enhancing economic growth in the region.