![](https://forbesme-prestaging-media.s3.us-east-2.amazonaws.com/lists/uploads/2024/06/06071035/16-Mostafa-El-Kady-Picture-Emaar-Misr.jpg)
16. Emaar Misr
Sector: Real Estate & Construction
CEO: Mostafa El Kady
Market Value: $460 million
Sales: $315 million
Profits: $142 million
Assets: $1.8 billion
Emaar Misr plans and constructs urban areas in Egypt. It is affiliated with Emaar Properties, which owns an 86.97% stake. In August 2023, Emaar Misr inaugurated its hotel and resort “the Address Beach Resort Marassi” in Egypt with an investment of over $160 million. The company aims to develop a portfolio of 10 hotels, representing approximately 3,000 hotel rooms on Egypt’s North Coast, including the previously launched hotels and those still under construction.