People: Madinet Nasr for Housing and Development SAE (MNHD.CA)
11 Sep 2019
Eng. Mohammed Hazem Barakat is Non-Executive Chairman of the Board of Madinet Nasr for Housing & Development SAE, Representing BIG Investment Group since February 9, 2016. Since joining the business, he has led the creation of three funds, including Beltone Capital, an opportunistic fund capitalized at US$ 85 million and valued at US$ 171 million. Other funds are Beltone Investment Group, a buyout fund which led the tender of a domestic real estate giant, capitalized at US$ 76 and currently valued at US$ 291 million, in addition to Beltone Retail, with total capital commitments of US$ 58 million. Mr. Barakat is also CEO of MIRACO-Carrier, which he co-founded as MIRACO in 1979 with its Chairman, Mr. Adel Barakat, to manufacture air-conditioners and residential and industrial refrigerators. MIRACO-Carrier has one of the largest manufacturing facilities of its kind in the Middle East. In 1999, Mr. Barakat established the Egyptian Confectionary Company and in 2001, he established the Engineering Plastic Manufacturing Company, the latter specializing in plastic injection utilized for both engineering products and in the packaged food industry. The factory is the only one of its kind in Egypt and one of the top 5 in the Middle East. Mr. Barakat is an experienced industrialist with in-depth knowledge of several industry types, diverse market segments and a wide range of operational areas. In addition, he is an experienced investor in private equity ventures as well as an accomplished business strategist. Mr. Barakat also has firsthand experience in the areas of distribution, industrial service, and the retail sector. Furthermore, he has practical knowledge of business start-up, successful management of the development phase, and capital markets interaction. Mr. Barakat graduated from the New York Institute of Technology in 1982 with a B.Sc. in Mechanical Engineering. He is currently Member of the Advisory Council of the School of Business, Economics, and Communication of the American University in Cairo and Member of t.
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