Tarek Talaat Moustafa

Company: Alexandria Construction Company
Position: Executive chairman

Tarek Talaat Moustafa is the chairman of Talaat Moustafa Group Holdings and also chairman of its subsidiary, Alexandria Construction Company. The group was founded by his father in the early 1970s and began as a construction contractor building water infrastructure, bridges, and roads before diversifying into real estate.

Moustafa also heads a range of other businesses operating in the construction sector and is the director of various family-run companies operating in the agricultural and real estate sectors. His biggest project under way is the $3bn Madinaty development, with 120,000 residential units situated northeast of Cairo.

The scheme’s phase 2 works, currently under way by Alexandria Construction Company, are estimated to be worth $1.5bn. The firm is also expanding the Al-Rehab development near Cairo. Moustafa graduated with a degree in civil engineering from the University of Alexandria in Egypt in 1975.

Website: www.acctalaatmoustafa.com