Talaat Moustafa Group (TMG) is in talks with the Saudi Housing Ministry over developing a residential project in the kingdom, CEO Hisham Talaat Mostafa said on Monday, according to Mubasher. No further details about the project were revealed. TMG had signed a number of cooperation agreements with the kingdom back in 2016 to build housing projects on Saudi government-owned land in exchange for ownership of a number of units it constructs.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…