Golden Pyramids Plaza

What Golden Pyramids Plaza does

Golden Pyramids Plaza (جولدن بيراميدز بلازا) is an Egyptian joint stock company founded on May 1, 1991 and listed on the Egyptian Stock Exchange on August 20, 1997 under ticker GPPL. The company specializes in integrated tourism development, including the planning and construction of infrastructure and the supply of facilities for master-planned destination complexes. Its core products are the City Stars mixed-use complex in Nasr City, Cairo, and the City Stars Heliopolis extension, which combine retail, entertainment, hospitality, cinema, and residential components into single integrated destinations. The company monetizes its assets through direct property operations and a network of subsidiaries spanning hotels (Golden Coast for Hotels and Tourist Villages, 92% owned), real estate management and consulting (City Stars for Real Estate Management and Consulting, 97% owned), tourism and real estate development (City Stars for Tourism and Real Estate Development, 97% owned), and minority stakes in cinema (Stars for Cinema, 25%), entertainment and tourism projects (Stars for Entertainment and Tourism Projects, 25%), telecommunications (Stars for Telecommunications, 25%), real estate development (Arab for Real Estate Development, 53.28%), and fashion (Fashion International Group, 33%). Its go-to-market is primarily through owned and operated properties in Egypt, with headquarters at 2 El Ra'id St. on Rashid – Star Capital 2 – Nasr City, Cairo. The company reports financials in USD with paid-up capital of $577,591,389 and authorized capital of $2 billion. Ownership is concentrated among Memphis World Wide Hotel (~32.60%), Abdulrahman Shurbatli (~21.70%), Lady Well Corporation (~11.10%), and Blue Nile (~7.60%), with the Shurbatli family holding multiple board seats. Disclosed net profits reached $87.548 million in 2011 on a non-consolidated basis, up from $78.098 million in 2010 consolidated, though H1 2011 consolidated profit declined 12.2% YoY. The company distributed a $0.10 per share dividend in two installments in 2012.

Name

Golden Pyramids Plaza

Legal name

Golden Pyramids Plaza (جولدن بيراميدز بلازا)

Website

https://goldenpyramidsplaza.com.eg

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Golden Pyramids Plaza is an Egyptian mixed-use real estate and integrated tourism developer operating the flagship City Stars complex and Heliopolis extension in Cairo, with subsidiaries spanning hospitality, real estate management, cinema, and entertainment.

Ownership category

akta.pro rank

Product category

Mixed-Use Real Estate Development

NAICS

Amusement, Gambling, and Recreation Industries (713), Arts, Entertainment, and Recreation (71)

SIC

Operative Builders (1531)

akta.pro primary industry

Retail & Mixed-Use Commercial Construction (IMAFACAB)

akta.pro secondary industries

Integrated Full-Service Hotel Complexes (Mixed-Use) (THAGAAAL), Hospitality & Entertainment Venue Construction (IMAFACAC)

Keywords

• Mixed-use real estate development
• Tourism development projects
• Commercial complex operations
• Hospitality and entertainment venues
• Property management services

Headquarters

HQ city

Nasr City

HQ country

Egypt

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain

Distribution channels1 record

Marketing channels1 record

Core offering

Golden Pyramids Plaza develops and operates large-scale integrated tourism and mixed-use real estate developments in Egypt, with its core product being the City Stars mixed-use complex in Nasr City, Cairo, which combines retail, hospitality, entertainment, and cinema offerings, plus the City Stars Heliopolis extension project. Through majority- and minority-owned subsidiaries, the company also engages in hotel and resort development (Golden Coast), cinema exhibition (Stars for Cinema), entertainment and tourism projects, real estate management and consulting, and tourism real estate development.

Product overview

Golden Pyramids Plaza is an Egyptian shareholding company that executes integrated tourism development projects, infrastructure planning, and facility construction. The company's product portfolio centers around its flagship commercial complexes, primarily City Stars and City Stars Heliopolis, which are large-scale mixed-use developments combining retail, entertainment, and hospitality components. These projects represent the core offerings through which the company delivers on its stated purpose of integrated tourism urban development.

Differentiator

Problem solved

Functional benefit

Brands

• City Stars: Major mixed-use tourism, shopping, and entertainment complex project in Cairo, Egypt.
• City Stars Heliopolis

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Golden Coast for Hotels, Resorts and Entertainment ProjectscoreOthers92% owned subsidiary specializing in hotel, resort, and entertainment project development.
• City Stars for Real Estate Management and ConsultingcoreOthers97% owned subsidiary managing City Stars real estate operations and consulting services.
• City Stars for Tourism and Real Estate DevelopmentcoreOthers97% owned subsidiary focused on tourism and real estate development projects.
• Arab Real Estate Development CompanyminorOthers53.28% owned associate company for real estate development activities.
• Fashion International GroupminorOthers33% owned associate company in the fashion and retail sector.
• Stars for CinemaminorOthers25% owned associate company for cinema/theater operations.
• Stars for Entertainment and Tourism ProjectsminorOthers25% owned associate company for entertainment and tourism development.
• Stars for CommunicationsminorOthers25% owned associate company for communications services.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• SODIC: EGX-listed Egyptian developer of mixed-use communities with retail and hospitality components; comparable in business model and capital-market listing to Golden Pyramids Plaza.
• Palm Hills Developments: Large Egyptian residential and mixed-use developer with hospitality components, listed on the EGX; comparable in scale and listing status to Golden Pyramids Plaza.
• Amer Group: Major Egyptian developer with diversified real estate, hospitality, and tourism projects including large mixed-use resorts; directly comparable to Golden Pyramids Plaza's integrated tourism and real estate development model.
• Emaar Misr: Egyptian arm of Emaar Properties; develops large-scale mixed-use, retail, and tourism-oriented master communities such as Cairo Festival City and Mivida — the closest direct competitor to City Stars in Cairo's mixed-use tourism real estate segment.
• Madinet Nasr Housing (MNHD): EGX-listed Egyptian real estate developer operating primarily in Nasr City (the same Cairo district as City Stars), with mixed-use and commercial real estate exposure.
• Orascom Development Egypt: Operator of integrated tourism towns such as El Gouna and Makadi; competes with City Stars in the integrated tourism/hospitality development space across Egypt.

Emerging players

• Tatweer Misr: Egyptian developer of integrated mixed-use and tourism-oriented communities such as Fouka Bay and Il Monte Galala; competes for the same tourism/real estate segment in Egypt.
• Mountain View (DMG): Egyptian residential and mixed-use developer with resort-style communities; overlaps with Golden Pyramids Plaza's hospitality-adjacent residential strategy though smaller in commercial/mixed-use scale.
• Ora Developers: Egyptian developer focused on mixed-use and tourism real estate projects, often with hospitality components; comparable business model at a smaller scale than Golden Pyramids Plaza.

Regional players

• City Edge Developments: Egyptian state-backed developer of large mixed-use and tourism developments; a relevant adjacent peer with comparable integrated development ambitions though different ownership structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Golden Pyramids Plaza