The real estate industry is a forever evolving field in Egypt, and innovative businessmen played major roles in making it flourish. One of the prominent figures in such an ever-progressing market is Yasseen Mansour, the chairman and CEO of one of the leading developing companies in the field, Palm Hills Development.
Yasseen Mansour is one of the most remarkable businessmen in Egypt, holding various ranking positions in some of the top companies. In this blog, we will tell you about his success story, how it started, and his commitment to elevating the country’s economic standards and redefining the real estate field.
Yasseen Mansour
Graduated from George Washington University in 1982, with a bachelor’s degree in Finance, with a minor in Marketing, Yasseen Mansour is one of the leading figures in the business world. He is the President and CEO of ElMansour and ElMaghraby Investment & Development Co.
Mr. Loutfy Mansour, his father, founded the Mansour Group in 1952. It is a family-owned company that has been driving the Egyptian economy for more than 70 years. Furthermore, in 2023, it gained the title of the Leading Arab Family Business by Forbes Magazine. After his passing, the company was passed to Yasseen, Ismail, Youssef, and Mohamed Mansour.
According to Forbes Lists, Yasseen Mansour is ranked 17th among Africa’s Billionaires in 2024, and he is considered one of the major players in many fields.
From an early age, Yassen Mansour has been recognized for his strong business sense, even before his career started in 1986 at Mansour Group. Such mastery has led the companies Mr. Yasseen Mansour owns and plays a major role in reaching new heights in the business market.
Yasseen Mansour Top Positions in the Business Industry
Mr. Yasseen Mansour is the co-founder and an active member of Lead Foundation. This is a partnership project with the World Bank that grants matchless support to the development of SMEs (Small and Midsize Enterprises).
Moreover, Yasseen Mansour holds many prestigious and high-ranking positions in various entities, for instance:
- Chairman of Credit Agricole Egypt
- Chairman of MACOR
- Chairman of Saint Gobain Egypt
- Chairman of Al Ahly Football Co.
- Head of Compensation Committee of EFG Hermes
Yasseen Mansour is also a board member of:
- Al Ahly Club
- Commercial International Life Insurance Co.
- Cairo International Conference Center
- AmCham
- National Cancer Institute
- Al Takatof Association
- Accor Hotels
Furthermore, Yasseen Mansour is a board member of some of the biggest media firms in Egypt, Man Capital, as well as McDonald’s Egypt.
Not to mention that Mr. Yasseen Mansour is a shareholder in:
- Mantrac
- Unatrac
- Metro Market
- Fresh Food Market
- Kheir Zaman Supermarket
- AMIDC Distribution
Additionally, Yasseen Mansour is a driving force in the real estate market in Egypt. He is the Group CEO and the Chairman of Palm Hills Development, one of the tycoons in the industry. Not to mention that the company is listed on the EGX – Egypt Stock Exchange.
With the ultimate innovation and dedication, Palm Hills set new and heightened living standards for its clientele. But first thing first, how did this all start?
The Success Story of Palm Hills Developments
Under the leadership of Mr. Yasseen Mansour, the company has thrived. It all started back in 2005 when Etihadeya was revamped into Palm Hills Developments. It created some of the most lavish residential, commercial, and resort projects in various prestigious destinations in Egypt, including:
- New Cairo
- North Coast
- El Sheikh Zayed
- Alexandria
- 6th of October City
Yasseen Mansour has led Palm Hills to contribute to driving the country’s economy and taking flawlessly integrated living to a whole new level. The company acquired more than 33 million square meters of land area in many strategic locations in Egypt, by capitalizing on the market’s distinctive opportunities.
Mr. Yasseen Mansour has been driving Palm Hills Developments to grow with robust momentum and becoming a major player, not only in building luxurious compounds but also in commercial and tourism destinations. As a result, the company introduced its creative ideas to the real estate market, creating the best communities for its clientele.
Moreover, during the EGX – Egypt Stock Exchange of 2024, Palm Hills Development announced that it is expanding its real estate portfolio to Saudi Arabia.
With such a diversified portfolio, Mr. Yasseen Mansour has guided the company to win 9 global awards. In 2015, Palm Hills won the “Best Residential Project Award” in Cityscape Egypt, dedicated to the building of the lavish Golf Views Neighborhood in its 6th of October Compound.
The vision and mission of Palm Hills Development played an important role in making the company one of the leading figures in Egypt, and we will tell you how right away.
How Mr. Yasseen Mansour Shaped Palm Hills Development
Yasseen Mansour is leading Palm Hills to contribute to the Egyptian economy as well as the company’s clientele living experiences. It delivered high-end gated communities and commercial projects in the country, characterized by being fully integrated and reflecting the utmost luxury.
Mr. Yasseen Mansour understands how the real estate market is dynamic. That’s why, he is always pushing Palm Hills Development to go beyond expectations and push the creativity boundaries. The end product was definitely worth it, as the delivered projects granted the company’s clientele seamless experiences.
Palm Hills Development has built one of the fanciest compounds in Alexandria, in addition to:
- Badya October Compound
- Hacienda West Ras El Hekma Resort
- Capital Gardens New Cairo
- PX October Compound
- Hacienda Waters North Coast
- The Village New Cairo
- Hacienda Heneish
- Palm Hills New Alamein
- Palm Hills October
- Palm Hills New Cairo
- Hacienda White Sidi Abdel Rahman
Yasseen Mansour along with the creative board of directors, redefined the real estate market in Egypt.
Board of Directors of Palm Hills Developments
Yasseen Mansour is the Chairman and Group CEO of Palm Hills, and:
- Mohamed Mansour is the company’s Vice Chairman
- Hazem Badran and Tarek Tantawy are the Co-CEO and Managing Director
- Ali Thabet is the Chief Financial Officer
With such well-known names in the real estate industry, Palm Hills Development has become one of the leading companies in the field.
It has played a vital role in its client’s real estate investments and finding their perfect home.
To Conclude
Mr. Yaseen Mansour’s smart business steps and choices elevated the economic status of Egypt. It has also created boundless investment opportunities and housing options for Palm Hills Developments’ clients. Are you ready to unlock yours?
Nawy’s expert consultants will help you pick the most suitable unit for you, whether it is a housing or an investment, from the infinite developments of Palm Hills in Egypt. Fill in the form on our website and one of our representatives will contact you in no time and run your purchasing process smoothly.
