Mostafa El-Beltagy co-founded Nawy and has led the proptech’s rapid regional expansion. In May 2025, Nawy closed a $52 million Series A round led by Partech, funding technology upgrades and MENA expansion; the company subsequently announced strategic acquisitions to extend reach in the GCC. Under El-Beltagy’s leadership, Nawy scaled its marketplace and brokerage services, positioning itself as one of Africa’s largest proptechs by listings and transaction volumes. The Series A validates Nawy’s asset-light model and gives the company capital to accelerate product development and regional roll-out.