In a statement released today, Sunday, ÈLM announced key appointments: Dr. Yasser Abdel Maksoud, an expert in the healthcare and business sectors, will serve as Chairman of the Board. Dr. Assem El Gazzar, former Minister of Housing, has been appointed as the Non-Executive Managing Director. Rounding out the leadership team is Engineer Mahmoud Abdeen, owner of Concrete Engineering and Contracting Company, who will take on the role of CEO.
Dr. Abdel Maksoud shared that ÈLM's entry marks an
"ambitious journey" to create new urban communities that are
fundamentally people-centric in both planning and execution. He emphasized the
company's belief that genuine urban development goes beyond just buildings;
it's about improving the quality of life for individuals. The goal is to
provide environments where people can thrive, connect, and achieve their
ambitions in a balanced and sustainable way.
Dr. El Gazzar expressed his enthusiasm for joining this promising entity, highlighting his strong conviction in the private sector's crucial role in fostering sustainable urban development across Egypt and the broader region. He noted that ÈLM offers a unique blend of "ambitious futuristic vision" combined with strong executive capabilities and extensive experience, positioning it to deliver integrated projects that elevate urban planning concepts and meet the aspirations of future generations.