Citystars Properties appoints Mr. Hazem Ashry as new Managing Director and Vice-Chairman of Golden Pyramids Plaza Company

Hazem Ashry has a diversified in-depth professional experience spanning over 20 years in real estate development and integrated mixed-use communities, in addition to 7 years in financial advisory. Before joining Citystars Properties, he was the General Manager of Emaar Misr for Development.

Throughout his extensive career, Mr. Ashry assumed several key roles in leading corporations including MAK Holdings where, in his position as Deputy Managing Director-Africa from 1995-2007, has led the development of various master-planned mega projects featuring prime residential, retail, commercial and hospitality communities.

He also worked at Deloitte and Touche as Senior Manager Business Advisory from 1986-1995. "I'm so pleased to join one of the leading real estate developers in Egypt. Citystars Properties has differentiated itself with an outstanding brand recognition and landmark developments including Citystars Sharm El Sheikh, the first integrated development of its kindin the city featuring the largest crystal lagoon in the world as recognized by the Guinness World Records," said Hazem Ashry.

This mega resort will soon be launched in the Egyptian and International markets with phase one almost completed. He highlighted, "I strongly believe that the real estate industry in Egypt will rebound in the near future. At Citystars we look forward with confidence to realizing our ambitious vision in which the real estate scene in Egypt will be taken to an entirely new level. We seek to meet the needs of the upwardly mobile population looking for an upscale modern lifestyle in mixed-use developments featuring exclusive residential units, sports & leisure facilities, restaurants, spas and Hotels."

"I'm impressed with the international highest standards Citystars is bringing to its diversified developments across Egypt," added Mr. Ashry.

"I'm confident that together with Citystars high caliber management team, we are well poised to achieve amazing successes whether in the current or future developments," he concluded.

Since it has started in Egypt more than 20 years ago, Citystars Properties has created living landmarks starting with Citystars Heliopolis, the premium shopping, entertainment, residential and office towers destination in Egypt combining the world-class elements for work and play in one location, including Star Center, an unmatched combination of retail, entertainment and dining facilities, Star Capital modern office towers, Star Living's residential towers, the largest Intercontinental Hotel in the world, Holiday Inn Hotel, and the Stay Bridge Suites.

Building on this outstanding success, Citystars Properties is currently developing several projects in urban and resort destinations throughout Egypt that redefine the real estate experience offering an unrivalled combination of upscale shopping, extensive entertainment, luxury hotels, office and business suites and luxurious living in 6th of October and Katameya.