SouthMed
Talaat Moustafa Group (TMG) has officially announced the signing of a major construction contract with Concrete Plus for Engineering and Construction to execute works at the SouthMED project on the Northwestern Coast. The total investment for these works is approximately EGP 10 billion (equivalent to roughly $200 million).
Talaat Moustafa Group (TMG) is nearing the completion of all concrete works for the first phase of its SouthMed project on Egypt’s Northwest Coast, the developer announced on Wednesday.
Talaat Moustafa Group Holding (TMG), Egypt’s largest listed real estate developer, on Wednesday reported a 70% jump in its nine-month consolidated net profit after tax, driven by record real estate sales and strong growth in its hotel and recurring income activities.
The local credit rating of the Arab Company for Projects and Urban Development, a wholly-owned subsidiary of Talaat Moustafa Group Holding (TMG), has been upgraded to AA- from A+, with a stable outlook, TMG announced on Tuesday.
Talaat Moustafa records historic sales of EGP 211 billion in H1 2025
Talaat Moustafa Group Holding (TMG), Egypt’s largest listed real estate developer, announced contractual sales of EGP 211bn for the first half of 2025, a 59% increase compared to the same period last year.
TMG CEO and Managing Director ranks among the top four real estate company leaders
Talaat Moustafa Holding Group (TMG) has reported record sales for 2024, exceeding EGP 0.5trn, or approximately $10bn, by December 22. This figure marks a significant milestone for the company, solidifying its position as a leading real estate developer in Egypt and the region.
Talaat Moustafa Group (TMG) has reported record sales, reaching EGP 470bn (equivalent to $9.4bn) as of November 6th. This represents a significant increase of over four times compared to the EGP 108bn recorded during the same period last year.
Talaat Moustafa Group (TMG) has achieved record sales, generating EGP 470bn in revenue since the beginning of 2024, according to CEO Hisham Talaat Moustafa.
SouthMED, the latest project of Talaat Moustafa Group (TMG) on the northwest coast of Egypt, possesses all the elements necessary to become a new global destination in the southern Mediterranean.
The project aligns with Egypt’s comprehensive plan to develop the North Coast with the aim of attracting double the number of tourists, as stated by Madbouly.
