Egypt's Talaat Moustafa Group signs MOU with Saudi Arabia's $925 billion sovereign wealth fund
Egypt's Talaat Moustafa Group has signed a landmark MoU with Saudi Arabia's $925 billion PIF to develop mixed-use real estate projects across the Kingdom.
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Egypt's Talaat Moustafa Group has signed a landmark MoU with Saudi Arabia's $925 billion PIF to develop mixed-use real estate projects across the Kingdom.
Hisham Talaat Moustafa served nine years in prison, walked out in 2017 and built Egypt's largest listed real estate developer into an $8 billion annual sales machine.
Yasseen Mansour's Palm Hills Development posted a 29.55 percent rise in consolidated net profit to EGP 4.22 billion for full-year 2025.
Hisham Talaat Moustafa met Egypt's prime minister to discuss TMG's expansion plans, including a major new mixed-use project in East Cairo.
Talaat Moustafa Group has been ranked Egypt's top listed real estate developer for 2026 by Forbes Middle East, capping a record year.
Ora Developer chairman Naguib Sawiris says Egypt's real estate sector is shrinking unit sizes as inflation crushes buyer purchasing power nationwide.