Thursday 19 backend.Sep
Talaat Moustafa Group (TMG) has announced its new project on the North Coast, the details of which are awaited by the real estate market, on Egypt's booming North Coast.
The biggest real estate group in Egypt disclosed that its
new project, named "South Med", will span a massive 23 million square
meters and will be developed using a low-risk financial model.
TMG expects its upcoming North Coast project to fuel its
impressive sales momentum. This aligns with the continued success of their
Saudi Arabian venture, Madinat Banan.
TMG recently reported a staggering 122 billion pounds in
sales, a significant leap from the 45 billion pounds achieved during the same
period last year – a remarkable 2.7-fold increase.
Notably, 37.1 billion pounds stemmed from their new project in Saudi Arabia, translating to roughly 2,500 units sold in the project so far.
