CAIRO – 20 April 2026: In a move that highlights the continued expansion of Talaat Moustafa Group Holding (TMGH) into large-scale urban developments, the Board of the General Authority for Investment and Free Zones (GAFI), chaired by Minister of Investment and Foreign Trade Mohamed Farid, approved the establishment of Egypt’s first investment zone featuring a dedicated on-site customs system.
The zone will be developed for Orion Urban Development, a subsidiary of the group, to execute the Spine project in New Cairo.
The project is regarded as one of the largest urban developments in the Egyptian market. It will be built on an area of 506 feddans within Madinaty and will include 165 mixed-use towers combining residential, administrative, commercial, and hospitality uses.
Total investments are expected to exceed LE 1.4 trillion, with projected tax revenues to the state estimated at around LE 818 billion.
Legal and regulatory procedures are currently being finalized in preparation for issuing the official Cabinet decision to establish the investment zone, following coordination with the Ministry of Finance and in line with the governing regulations.
Farid stated that the new framework aims to create an integrated investment environment by simplifying incorporation, licensing, and operational procedures within the project, while also facilitating import and export activities through the integrated customs infrastructure.
In the same context, Hisham Talaat Moustafa stressed that the project reflects strong cooperation between the public and private sectors, noting that investment zones remain an effective mechanism for attracting global investments and supporting long-term economic growth.
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