Yasseen Mansour: A Visionary Business Leader Shaping Investments

Tasneem Khalil 16 Nov 2023

Yasseen Mansour stands tall among the most influential businessmen in Egypt and the entire Middle East. Born on January 1, 1961, he pursued a Bachelor's degree in Financial Sciences at George Washington University in the United States. He's part of the prominent Mansour family, including siblings Mohammed, Youssef, Ismail, and Rawya.

Influenced by his father, Lateef Mansour, Yasseen adopted perseverance, even through financial difficulties after his father's company was nationalized, leaving a significant financial impact. The collective wealth of the three billionaire brothers, Mohammed, Youssef, and Yasseen Mansour, now reaches $5.3 billion. Mohammed Mansour, the former Minister of Transportation, holds $2.5 billion, managing the expansive Mansour Group with 60,000 employees. Youssef holds $1.5 billion, while Yasseen possesses $1.3 billion.

Yasseen Mansour isn't just a billionaire; he's a visionary leader adept at business management within his family's empire. Since 1986, starting with Mansour Motors, he's led and overseen remarkable growth and performance across all his companies.

Yasseen Mansour's Positions

His success story isn't only limited to Egypt but also extends across the entire Middle East. He's an important figure in the Mansour Group that was founded by his father in 1952, holding exclusive distribution rights for General Motors buses and Caterpillar equipment in Egypt. The group also exclusively manages the famous fast-food brand McDonald's in Egypt and is the sole distributor for the Gauloises cigarette brand.

Yasseen Mansour also holds significant positions in several companies across various sectors such as:

CEO of Mansour and Maghraby Investment & Development Company.
Board Member of Credit Agricole Egypt Bank.
Board Member of Mantrac Egypt Group and Accor Hotels Group.
Board Member of Man Capital Company.
Member of the National Cancer Institute.
Active Member of Takaful Association.
Secretary-General of the Future Association.
Founding Member of the Lead Foundation in collaboration with the World Bank for Small Projects Financing.

Al Ahly Football Club

Between 2021 and 2022, Yasseen Mansour undertook the leadership of Al Ahly Football Company, marking his return to a great role in the football world. His appointment as the President of Al Ahly Football Company came after the club's announcement, tasking the company with organizing and managing football activities within Al Ahly. This includes player management, sport promotion, and other football-related affairs.

Mansour boasts an extensive history with Al Ahly, having been one of its major supporters and a former board member. His resignation from the presidency of Al Ahly's football company was stated to be in the club's best interest. Mansour clarified, "The decision to step down was for the benefit of Al Ahly. Differences in perspectives can lead to conflicts. Despite being granted full responsibility and authority as the company's president, I declined."

He emphasized that any mistakes made in his decisions would hold him accountable to the club's general assembly, highlighting, "As the club's president, the company falls under the club's jurisdiction, not vice versa."

Yasseen Mansour's position marked a significant chapter in the club's administration, reflecting his commitment to Al Ahly's legacy and the sport's integrity. His influence and dedication to the club's improvement remain a testament to his connection and contribution to Egyptian football.

Palm Hills Developments

Palm Hills Developments, led by Yasseen Mansour as Chairman of the Board since 2005, stands as an example of uniqueness and excellence in the real estate world. Popular for its architectural innovation, the company has focused its efforts on developing projects within new communities since 1997, mastering the art of delivering residential units tailored to diverse tastes.

With a land portfolio spanning over 29 million square meters and 11.6 million square meters of developed land, Palm Hills has introduced 30 commercial and 34 residential projects, suitable for over 70,000 families. Gaining 9 international awards, Palm Hills’ projects have received global recognition for their quality and innovative designs.

The company's diverse land portfolio, with over 21 years with investments exceeding EGP 250 billion, comprises 34 assorted projects across Egypt. These projects offer innovative residential units in East and West Cairo, Alexandria, and seasonal units with captivating views of the Mediterranean in the North Coast.

Palm Hills' projects emphasize green spaces and breathtaking landscapes, constituting 70% of the project areas, a testament to their commitment to creativity and environmental stewardship. They don't just build real estate; they curate a unique journey toward change, fulfilling the dreams of thousands of families, blending quality, innovation, and environmental commitment. Palm Hills Developments transcends mere real estate ventures; it's a transformative journey, merging quality, creativity, and environmental commitment.

Badya by Palm Hills

Palm Hills Development proudly introduces Badya, an exceptional project redefining urban living across 3,000 acres in New October City. As the largest residential endeavor, Badya symbolizes a gateway to the future, surpassing expectations and embracing a sustainable lifestyle, making it an epitome of innovative investment.

This modern residential city, a collaboration between the Ministry of Housing and Palm Hills Development, stands out for its diverse living options, offering 50,000 varied housing units, from apartments to villas, penthouses, townhouses, and twin houses. It doesn't stop there—Badya presents a wide array of community services and recreational amenities. Hosting 5 local and international schools and the Badya International University, it houses the largest sports club in West Cairo, a venture backed by an investment of 100 billion Egyptian pounds.

The successful completion of the residential phase in the first stage, covering 340 acres, included the delivery of 3,372 residential units comprising apartments and villas of various sizes, all sold out. Notably, the compound boasts significant progress in its service section, making it move-in ready and catering to its residents' needs. Currently, numerous families call Badya their home, having received 1,600 residential units.

Looking ahead, Palm Hills Development is set to invest an additional 20 billion Egyptian pounds in a new phase, covering 270 acres, further enhancing this visionary community. Badya stands as an ideal choice for investors and those seeking homes in West Cairo. Its "6+1" concept blends luxury, diversity, and immediate service provision without waiting for subsequent project phases. This translates to immediate occupancy and promising returns on investment due to continuous development and high demand. Each phase in Badya is connected to the central area, hosting a range of international commercial projects, service centers, and hotels, accounting for 12% of the total area, ensuring a comprehensive array of amenities and facilitating New October City's development.

Charity work

Yasseen Mansour is not just a prominent figure in the business world; he stands out as a trailblazer in the realm of philanthropy, championing humanitarian causes and actively participating in projects for the "Lead" foundation. This foundation, in partnership with the World Bank, focuses on funding small and medium-sized developmental projects. At the helm of Mansour & Maghraby Investment, a leading private investment fund in Egypt, Mansour's leadership reflects not only business acumen but a strong commitment to societal contributions.

His involvement with the National Cancer Institute and the Takaful Association showcases his unwavering dedication to providing support for health and social causes. Mansour's humanitarian endeavors shed light on another facet of his persona—not merely a billionaire or a shrewd businessman but a person who believes profoundly in the positive impact of philanthropy on society's progress.

Yasseen Mansour's diverse portfolio and leadership roles reflect his profound influence on Egypt's economic landscape and beyond, shaping multiple industries and societal aspects. His continuous ambition towards excellence continues to define Egypt's business ethos and inspires aspiring entrepreneurs globally.