Saturday 20 Jul

Real estate

TMG reveals new details about the South Med project on the North Coast


TMG reveals new details about the South Med project on the North Coast

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.