Marsa Marsa Alam for Tourism Development
EEGX:MMAT5.00
EGP
0.00
(0.00%)
Marsa Marsa Alam for Tourism Development
EGX:MMAT
(Egyptian Exchange)
Recent
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5.00
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ROIC.AI
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in mil. unless spec.- Similar Companies
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- Marsa Marsa Alam for Tourism Development S.A.E. is an Egypt-based public shareholding company primarily engaged in the real estate, tourism, and hospitality development sectors. The company specializes in the acquisition, planning, construction, operation, and marketing of integrated resort complexes, hotel properties, and associated recreational infrastructure along Egypt's Red Sea coastline. Its core portfolio of products and services comprises the development of integrated tourist villages and coastal residential projects; hotel accommodation and hospitality management; food and beverage operations, including on-site restaurants, cafes, and catering facilities; commercial and retail leasing within resort premises; recreational and leisure amenities, including diving centers, marine sports facilities, swimming pools, health clubs, and entertainment venues; and comprehensive property management and municipal utility services, including water desalination, power distribution, wastewater treatment, and grounds maintenance. Marsa Marsa Alam for Tourism Development primarily serves international leisure travelers, domestic vacationers, and residential property buyers, focusing its operational footprint on the Marsa Alam region within the Red Sea Governorate. Founded in 2002 and headquartered in Cairo, Egypt, the company is publicly traded on the Egyptian Exchange under the ticker symbol MMAT. In recent operational developments over the past two years, the company has executed capital and balance sheet restructuring initiatives to enhance working capital, accelerate phased construction timelines across its primary beachfront resort properties, and negotiate expanded commercial distribution agreements with international and regional travel operators to drive tourist inflow and maximize hotel occupancy rates. Additionally, the company has implemented operational modernization programs across its facilities to integrate energy-efficient utilities, upgraded water management systems, and enhanced digital guest services.