THE MIDDLE EAST’S
75. Khaled Abbas
Designation: Chairman & Managing Director
Company: Administrative Capital for Urban Development
Residence: Egypt
Nationality: Egyptian
Sector: Real Estate & Construction
Abbas assumed his current role in September 2022. ACUD is the owner and developer of Egypt’s new administrative capital. In March 2024, ACUD signed an agreement with Atos to establish a joint venture company to provide IT infrastructure and services for the New Administrative Capital, aiming to create a smart city. In June 2024, ACUD signed a protocol with Egypt Gas to deliver natural gas to the residents of the first phase of the New Administrative Capital. Abbas was previously Egypt’s Deputy Minister of Housing, Utilities, and Urban Communities for National Projects. He is also a board member of the Egyptian Federation of Construction and Building Contractors, and the Social Housing and Mortgage Finance Fund.