https://arab.news/wy5gk
RIYADH: Egyptian real estate company Talaat Moustafa Group (TMG) is considering expansion in 抖阴短视频 and Iraq, given the demand for housing units, the company's CEO has said.
Hisham Talaat Moustafa made the comments during the visit of the Saudi Minister of Housing, Majid Al-Hogail, and the Saudi ambassador in Cairo, Osama Nugali, to the real estate group鈥檚 Madinaty project 鈥� the largest private sector development in Egypt, covering an area of 33 million sqm.
TMG has formed a committee to study investment opportunities in 抖阴短视频 and Iraq, Asharq reported.
Moustafa pointed to Iraq鈥檚 instability during the past thirty years, which indicates the volume of demand for the projects that will be implemented, especially since the Iraqi government welcomes the repetition of the Madinaty and Al Rehab project's experience on its territory.
TMG had previously tried to enter the Saudi real estate sector about 12 years ago, when it planned to establish a project called "Breaths of Riyadh" in Riyadh's Rimal district.
The company recently proposed the Nour City project, east of the capital Cairo, facing the new administrative capital, on an area of 5,000 acres, with an investment cost of EGP500 billion.