Egyptian billionaire Hisham Talaat Moustafa's TMG named world's best golf hospitality developer

Talaat Moustafa Group Holding, the Cairo-listed property and hotel developer run by Egyptian tycoon Hisham Talaat Moustafa, has been named the World's Best Golf Hospitality Developer at the 2026 World Golf Awards.

The group collected the prize at the 13th annual World Golf Awards gala, held on Nov. 7 at its own Madinaty Golf Club east of Cairo. It was the first time the ceremony took place in Africa. Contenders came from about 80 countries.

Madinaty Golf Club also won Egypt's Best Golf Course for a sixth straight year and Africa's Best Golf Course for a fourth straight year. The club is owned by TMG Golf and managed by Troon, the U.S. golf management company.

"This is a truly proud and historic moment for TMG Golf, for Egypt and for the African continent," said Omar Hisham Talaat, the group's chief business development officer and president of the Egyptian Golf Federation. He said the awards reflected "international recognition of the group's vision and strategy" to build destinations that combine housing, leisure, hotels and sport.

Other winners on the night included Portugal, named World's Best Golf Destination, and Costa Navarino in Greece, named World's Best Golf Venue. Two courses owned by U.S. President Donald Trump's family, Trump International Golf Links in Aberdeen and Trump Turnberry in Scotland, also took prizes. Golf architect Robert Trent Jones Jr. received a lifetime achievement award.

More courses on the way

TMG is building more golf into its projects. It is developing the Red Sea Links course in Sharm El-Sheikh and a new course at South Med, its resort city on Egypt's Mediterranean coast, and is redeveloping the historic Mena House golf course in front of the Giza Pyramids.

South Med is the group's biggest sales engine. It brought in EGP93.9 billion ($1.7 billion) of contracted sales in the first half of 2026, and cumulative sales since its launch reached about EGP500 billion ($9 billion) by the end of June.

Profit up 23% in the first half

TMG's net profit rose 23% to EGP9.9 billion ($179 million) in the six months through June, and consolidated revenue climbed 24% to EGP30.2 billion ($546 million). Revenue from property development jumped 34% to EGP17 billion ($307 million), while hotel revenue rose 4% to EGP7.46 billion. New contracted sales reached EGP219.1 billion ($4 billion) for the half.

The group delivered about 1,459 homes in the period, up 131%, at projects including Madinaty and Celia in the New Administrative Capital. Its hotels earned about $151.6 million in foreign currency. It is also selling The Spine, a new business district inside Madinaty that drew EGP33.8 billion ($611 million) of sales after its launch in the second quarter, and has started booking revenue from Banan, its first project in Saudi Arabia.

TMG plans to open four new hotels, taking its portfolio from about 3,500 rooms and suites to about 5,000, and is expanding into Saudi Arabia, Oman and Iraq.

"The first-half results reflect the strength of the group's business model," Hisham Talaat Moustafa said in August.

Hisham Talaat Moustafa, the group's chief executive officer and managing director, is the son of the late Talaat Moustafa, who founded the business. He owns about 43.5% of the company, or roughly 890.6 million shares, making him its largest shareholder. Madinaty, the city the group is building east of Cairo, is its flagship project.

Figures were converted at EGP55.34 to the dollar.