LMD Targets $6 Billion Investment for Expansion
Investor News | May 16, 2025 | Zawya
Landmark Developments (LMD), under the leadership of founder and CEO Amr Sultan, has announced a strategic investment plan totaling over 300 billion Egyptian pounds ($6 billion) aimed at expanding its hospitality and residential sectors. The company is enhancing its portfolio, which currently includes 1,330 hotel rooms and 1,800 serviced apartments, through partnerships with reputable brands like W Hotels, Marriott, and Villa Coconut. LMD's developments include high-profile projects such as the W Hotel and Serviced Apartments and the Autograph Collection in New Cairo, as well as Ghazala Bay on Egypt’s North Coast. The company has also launched the Being development in New Zayed, valued at approximately $399 million, and is exploring luxury opportunities in Ras El Hekma. LMD operates in five countries, with recent acquisitions in Cyprus, and is exploring opportunities in Saudi Arabia for luxury projects tailored to regional tastes. The firm is also pioneering Egypt's first design district in the ONE NINETY project in New Cairo. To tackle inflation, LMD is implementing flexible installment and pricing strategies. The company aims to boost economic growth and meet rising regional expectations.
Sectors
- Real Estate Development
- Hospitality
Geography
- Egypt – The majority of LMD's expansion and projects are focused in Egypt, including new developments and the design district in New Cairo.
- Saudi Arabia – LMD is exploring luxury development opportunities tailored to Gulf preferences in Saudi Arabia.
- Cyprus – LMD has made recent acquisitions in Cyprus as part of its international expansion strategy.
Industry
- Real Estate Development – The article primarily discusses LMD's plans to expand their real estate portfolio in both hospitality and residential sectors.
- Hospitality – LMD's involvement with international hotel brands and the development of hotel rooms and serviced apartments falls within the hospitality sector.
Financials
- $6 billion – The total investment targeted by LMD for its hospitality and residential expansion.
- EGP 20 billion ($399 million) – The investment in the Being development project in New Zayed, expected to generate substantial sales.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Landmark Developments (LMD) | Target Company | Companies | A real estate development company under the leadership of CEO Amr Sultan, focused on expanding its hospitality and residential portfolio. |
| W Hotels, Marriott, Villa Coconut | Brand Partners | Companies | These are esteemed brands partnering with LMD to enhance its hospitality offerings in Egypt. |
| Amr Sultan | CEO and Founder | People | The CEO and founder of Landmark Developments, overseeing the expansion and development strategies. |
| LA7 | Development Partner | Companies | A partner in developing the Mindset business complex within the Being development in New Zayed. |