TMG’s Noor City is getting a university, courtesy of EEP

TMG, EEP pave the way for a university in Noor City: Talaat Moustafa Group (TMG) signed an agreement with the Egypt Education Platform (EEP) to establish a private university in its Noor City project in East Cairo, according to a joint press release (pdf) and another disclosure (pdf) from TMG. The total investment for the university is estimated at EGP 8 bn. The project marks EEP’s first venture into higher education.

The details: TMG is providing a 216k sqm land plot for the institution in return for an equity stake in the project and a long-term share of its recurring revenue. Phase one is slated to launch by 2029.

That’s not all: EEP will manage two new Noor City schools and handle operations under a management agreement, while TMG is providing the land and capital for construction.

ADVISORS: Our friends at EFG Hermes acted as the sole financial advisor for the partnership.

Madinet Masr moves to diversify its business model with new real estate investment fund

Madinet Masr’s Safe Real Estate Investment Fund received final approval from the Financial Regulatory Authority to begin operations, the real estate player said in a disclosure (pdf). The move shows Madinet Masr is pushing to diversify its business model, with the decades-old developer leaning into alternative investment structures like fractional real estate.

SODIC sees revenues more than double in 2025

SODIC’s net income rose 77% y-o-y to EGP 4.5 bn in 2025, driven by a 118% y-o-y jump in revenues to EGP 21.3 bn, the developer said in its latest earnings release (pdf). The company recorded contracted sales of EGP 48.4 bn for the year.

Helping drive the growth was customer loyalty — with 44% of buyers being repeat customers — land bank expansion, and long-term scaling, Group General Manager Ayman Amer said at a presser yesterday attended by EnterpriseAM.

SODIC sold 1,788 units last year, up from 1,270 units the year before. The value of contracted sales moved in the opposite direction, falling to EGP 48.4 bn from EGP 50.3 bn in 2024. The slight decline in contracted sales came despite price increases of 10–30% across the company’s projects, Amer said. While the bulk of 2024 sales came from the Ogami project on the North Coast, where fewer but larger units were sold at a higher price, he explained that the bulk of 2025 sales came from the Eastvale project in East Cairo, which saw more but smaller units sold at a lower price point.

Looking ahead: “With units delivered nearly doubling y-o-y and strong progress across construction, we remain focused on creating sustainable value for our customers, partners, and shareholders. We continue to execute our strategic growth plans with the same diligence and customer-centric approach that sets SODIC apart,” Amer said.

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