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Madinet Masr, led by Egyptian tycoon Abdallah Sallam, opens new unit in Dubai

Summary by Billionaires.Africa
Key PointsMadinet Masr expands to the UAE with Dubai-based subsidiary Cities of the World, aiming to tap into surging Gulf real estate demand. Abdallah Sallam leads regional growth, appoints veteran Mohamed Lashien to drive Madinet Masr’s international operations from Dubai. Despite Q1 profit drop, company signals long-term confidence with 42.7M share buyback amid strategic Gulf expansion.Madinet Masr Housing and Development (MNHD), one of Egypt…
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Billionaires.Africa broke the news in on Tuesday, June 3, 2025.
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