El Mamoura Company For Construction & Tourism Development
EEGX:MMHC10.00
EGP
0.00
(0.00%)
El Mamoura Company For Construction & Tourism Development
EGX:MMHC
(Egyptian Exchange)
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10.00
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- El Mamoura Company For Construction & Tourism Development (EGX: MMHC) is an Egyptian state-affiliated real estate and tourism development enterprise engaged in the acquisition, urban planning, infrastructure servicing, construction, and asset management of residential, commercial, and hospitality properties across Egypt. Founded in 1964 and headquartered in Alexandria, Egypt, the company operates as a subsidiary of the state-owned Holding Company for Tourism and Hotels (HOTAC) under the Ministry of Public Business Sector, with historical roots tracing back to the Egyptian Land and Buildings Company established in 1934. The company focuses primarily on large-scale coastal destination management, urban land reclamation, and property investment across the Mediterranean coastline and expanding metropolitan hubs in Egypt. The company operates across diversified real estate, tourism, and infrastructure segments, offering a comprehensive suite of products and services that includes: land acquisition, zoning, master planning, utility installation, and subdivision of serviced plots for residential and commercial development; design, construction, sale, and leasing of residential units, beachfront chalets, luxury villas, summer cabins, and modern multi-family apartment complexes across signature developments such as Abha, La Vie, Rêver, and Raqiya; development of retail and mixed-use commercial properties, including shopping malls and business centers such as the North Hub commercial complex; coastal resort and hospitality development, encompassing vacation villages and master-planned waterfront communities such as the Rabia Bay resort on the North Coast; destination and beach management services, including the comprehensive operation, maintenance, security, and facility management of the landmark El Mamoura Beach resort, seaside promenades, parks, and leisure zones in Alexandria; hospitality operations, including the ownership, leasing, and partnership management of hotel properties such as the Paradise Inn Hotel; public concession and commercial leasing management, overseeing contracts for food and beverage outlets, retail stores, recreational facilities, and entertainment venues within its managed destinations; and agricultural land investment, management, and leasing. In recent developments, El Mamoura Company For Construction & Tourism Development achieved a key corporate milestone by listing its shares on the Egyptian Exchange (EGX) under the ticker MMHC with an issued capital of EGP 250 million divided across 25 million shares at a par value of EGP 10 per share, advancing the Egyptian government's State Ownership Policy and public asset monetization program designed to broaden private-sector investment and improve corporate governance. Strategically, the company is executing an extensive revitalization and modernization program for the historic El Mamoura Beach district in Alexandria, upgrading municipal infrastructure, expanding beachfront promenades, and repositioning the district into a smart, sustainable tourist destination. Operationally, the company has broadened its geographical presence beyond Alexandria into high-growth Egyptian real estate markets, actively developing and marketing residential and commercial projects including the Abha Hayat residential development in 6th of October City and the Rabia Bay project along the Mediterranean North Coast. Additionally, the company has accelerated its asset optimization strategy by launching competitive public tenders to award long-term operation, concession, and management contracts to private-sector hospitality, retail, and recreational operators across its portfolio of beachfront cabins, commercial units, and hospitality facilities.