TMG
ADQ and ADNEC will invest through a special purpose vehicle, with 49 percent equity ownership by ADQ and 51 percent by ADNEC
TMG agreed with Veszprém to build Handball Academy in Egypt for the first time
Iconfit gym’s newest branch has opened in Madinaty. Iconfit features the latest sports and fitness equipment, in addition to a selection of top-notch trainers specialized in the field of physical sports.
Minister of Public Enterprise Sector Hisham Tawfik presented the awards on behalf of Prime Minister Mostafa Madbouly.
Talaat Moustafa Group (TMG) has won the award of the best role in building cities, residential and tourist societies at bt100 Awards.
"The joint venture will have an initial paid-in capital of LE 150 million and is expected to be increased to LE 250 million as the business grows."
Sales of 2017 exceeded expectations in the initial budget that was set at LE 11.4 billion, then put at LE 13 billion.
Between January and the end of June, TMG registered LE 4.91 billion in net sales.
TMG obtained land plots in the mega project offered by the government developers and investors earlier this year.
Revenues hiked to LE 5.62 billion from LE 3.93 billion in the same period last year.
Business tycoon Hisham Talaat Moustafa was reappointed CEO of real estate developer Talaat Moustafa Group (TMG).
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