Manazel Real Estate, a leading UAE-based developer, has appointed Waleid Gamal Eldien as its new chief investment and commercial officer within its C suite management team.   

This is a significant appointment for Manazel, which continues to invest in its management and business infrastructure as the company diversifies into dynamic growth sectors such as healthcare, hospitality, property management, facility management, district cooling and retail management complementing its established real estate development business.

Gamal Eldien has significant financial services and real estate experience having held senior management positions in investment, banking and real estate firms across the region. He is a holder of Master of Science degree in Financial Engineering and Quantitative Analysis from the UK.      

Over the last 11 years, he has worked in the UAE specifically within the capital market and private equity investment space and has been involved in debt restructures, private placements, merger and acquisition (M&A) transactions and capital raisings.

Manazel’s CEO Hassan Fahmi said: "As a team, we are delighted to welcome Gamal Eldien on board. He joins Manazel at a very exciting time in its evolution as we diversify our business into new sectors and pursue the significant growth opportunities that exist across the UAE."

"He brings a wealth of experience, with significant expertise in real estate but also corporate finance and asset management, which will be invaluable to our ADX listed business as we continue our growth momentum and enter new high growth markets," he added.

On his new role, Gamal Eldien, said: "I look forward to working closely with the Manazel team as we grow the brand not only within our core real estate market but also new and vibrant sectors such as healthcare and hospitality."