Newsroom

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. The company said this achievement makes TMG the first Egyptian real estate company to reach this annual sales volume in the modern era of the country’s property market. TMG’s performance in 2024 positions it ahead of its competitors and cements its place among the most recognisable real estate brands in the region and globally, according to the company. In 2024, TMG sold 28,000 units, a substantial increase from the 17,000 units sold in 2023. This represents a 3.5-fold increase in sales volume compared to EGP 143bn in 2023, demonstrating growth in both the quantity and value of sales. TMG’s sales value has seen a compound annual growth rate (CAGR) of 70% since 2017, when sales were EGP 13bn. Driven by these results, TMG now leads the region

  “Urbanlanes Developments” Explores Expansion in “Sheikh Zayed” and Egypt’s North Coast.. Other Plans to Start Real Estate Development in Saudi Arabia Soon Partnership with “Hany Saad” for Interior and Exterior Designs of “NOI Residence” Eng. Fadi Abdullah: “We have 6 projects in the Egyptian market with total investments of 46 billion EGP” Eng. Shady Abdullah: “NOI Residence offers an unparalleled living experience Eng. Shady Abdullah: Our vision is to create an integrated community.. not just a place to live Cairo: “Urbanlanes Developments” Kuwait has launched “NOI Residence”, latest residential project in New Cairo. Located on a 46-acre site in the heart of Fifth Settlement’s Golden Square. Also, “NOI Residence” is ideally positioned along a central axis linking New Cairo to the New Administrative Capital and the American University in Cairo, minutes away from New Cairo’s main areas. Eng. Fadi Abdullah, CEO of “Urbanlanes Developments”, explained that the project is inspired by the “Voronoi” pattern, which reflects the harmony and balance found in nature. He described the development as an architectural

Under the slogan “Non-banking financial institutions.. Financing tributaries for urban development” Engineer Khaled Sheta, Chairman of IGI Holding and Secretary General of the “The Investor.. Real Estate” conference, said that the real estate sector represents about 20% of Egypt’s total GDP and is a major driver for more than 100 industries directly and indirectly, which makes overcoming the obstacles that stand in its way an “obligation”, especially financing. The investor real estate He added, in the opening session of the “The Investor.. Real Estate” conference organized by Black Diamond under the slogan “Non-banking financial institutions.. Financing tributaries for urban development”, that the non-banking financial sector is no less important than the real estate sector, as it represents 9.8% of the nominal GDP and 7.7% of the total assets of the financial system. Follow-up: Last year witnessed a significant development in the performance of the activities of the non-banking financial sector, with it adopting more flexibility and rapid response to confront the increasing changes in the economy in general, but these rates

Chairperson of Al Ahly Sabbour Developments, Ahmed Sabbour, emphasized that investors have become a central focus of global attention. They are the driving force that elevates the economy to higher efficiency, significantly contributing to international production through investments that ultimately benefit the state. This impact is evident in economic growth, an increased supply of goods and services, tax revenues, job creation, and the social contributions investors make in the communities where they operate.   Speaking during the opening session of The Investor… Real Estate conference on Monday, Sabbour highlighted that the language of numbers clearly demonstrates no economy can thrive without investors. “According to World Bank data, private sector investments in infrastructure projects in low- and middle-income countries reached $86bn in 2023. The Ministry of Investment has outlined an ambitious plan to attract approximately $240bn in private sector investments over the next six years,” Sabbour noted. “These figures align with Egypt’s potential, as the country offers numerous opportunities that enhance its competitiveness, positioning it as a regional hub for competitive