{"id":562579,"date":"2021-05-30T04:00:12","date_gmt":"2021-05-30T04:00:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/30\/also-on-our-radar-on-30-may-2021\/"},"modified":"2021-05-30T04:00:12","modified_gmt":"2021-05-30T04:00:12","slug":"also-on-our-radar-on-30-may-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/30\/also-on-our-radar-on-30-may-2021\/","title":{"rendered":"Also on our radar on 30 May 2021"},"content":{"rendered":"<p><strong>TMG subsidiary the Arab Company for Projects and Urban Development has <\/strong><strong>received a 5k feddan plot of land <\/strong>to build a mixed-use project in Capital Gardens City near the new administrative capital, the Housing Ministry said in a <a href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=1941806495997706&id=794615087383525\">statement<\/a>. The EGP 500 bn project, modelled after Madinaty, will feature 140k residential apartments and villas to accommodate 600k residents as well as commercial and administrative spaces. TMG purchased the land in January for <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f09dc53f-d36f-411f-a667-36d4c2eff8eb\">EGP 28.5 bn<\/a>.<\/p>\n<p><strong>Mastercard<\/strong> will issue prepaid cards to customers of non-banking digital payments app <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1f1ed149-d4e7-4701-9c3a-b1413e1d1791\">Telda<\/a><\/strong>, the global payments firm said in <a href=\"https:\/\/newsroom.mastercard.com\/mea\/press-releases\/mastercard-and-telda-launch-egypts-first-of-its-kind-money-app\/\">a statement<\/a>. Telda was the first company to land a banking license under the new <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ba363fe6-92d7-4584-a95d-ee5c9f124acb\">Banking Act<\/a>, and earlier this month raised some <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1f1ed149-d4e7-4701-9c3a-b1413e1d1791\">USD 5 mn<\/a> in a pre-seed funding round led by Silicon Valley-based VC firm Sequoia Capital.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>German engineering company<strong> Thyssenkrupp <\/strong><a href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=1941036669408022&id=794615087383525\">discussed<\/a> establishing a<strong> green<\/strong><strong> ammonia plant<\/strong> \u2014 used in fertilizer manufacturing \u2014 for export to Germany with Prime Minister Mostafa Madbouly Thursday.<\/li>\n<li>The Trade and Industry Ministry inaugurated Wednesday its first production lines to locally assemble laptops and tablets<\/li>\n<li><strong>Egypt <\/strong>kicked off its first locally hosted joint <strong>air defense <\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyArmySpox\/posts\/2346839828780319\">exercise<\/a><\/strong>with <strong>Pakistan<\/strong> Wednesday, with the drill including training on securing airspace and defending vital targets.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>TMG subsidiary the Arab Company for Projects and Urban Development has received a 5k feddan plot of land to build a mixed-use project in Capital Gardens City near the new administrative capital, the Housing Ministry said in a statement. The EGP 500 bn project, modelled after Madinaty, will feature 140k residential apartments and villas to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,73,72,622,474,83,1517],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562579","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-education","tag-enterpriseam","tag-national-security","tag-pakistan","tag-real-estate","tag-talaat-moustafa-group","wpautop","entry"],"acf":{"mongo_id":"abf14621-7b13-4455-a9b7-2252b0add546","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[562558],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Also on our radar on 30 May 2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/30\/also-on-our-radar-on-30-may-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Also on our radar on 30 May 2021\" \/>\n<meta property=\"og:description\" content=\"TMG subsidiary the Arab Company for Projects and Urban Development has received a 5k feddan plot of land to build a mixed-use project in Capital Gardens City near the new administrative capital, the Housing Ministry said in a statement. 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TMG\u2019s subsidiary, the Arab Company for Projects and Urban Development, had purchased the land for EGP 4.4 bn in April\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":685080,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/09\/tmg-eep-to-set-up-noor-city-university\/","url_meta":{"origin":562579,"position":1},"title":"TMG, EEP to set up Noor City university","author":"enterpriseam admin","date":"9 February 2026","format":false,"excerpt":"PLUS: Madinet Masr\u2019s Safe Real Estate Investment Fund received final approval to begin operations","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/2\/544.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":649163,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/24\/talaat-mostafa-group-bought-500-feddans-for-in-the-new-administrative-capital\/","url_meta":{"origin":562579,"position":2},"title":"Talaat Mostafa Group bought 500 feddans for in the new administrative capital","author":"enterpriseam admin","date":"24 April 2017","format":false,"excerpt":"Talaat Mostafa Group (TMG) bought 500 feddans in the new administrative capital, Housing Ministry sources told Reuters. \u201cTalaat Mostafa received the land two weeks ago after it came to an agreement with the administrative capital company on all the conditions,\u201d a ministry source said without providing further details. Al Mal\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649905,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/15-companies-including-sodic-tmg-bid-for-land-in-new-administrative-capital\/","url_meta":{"origin":562579,"position":3},"title":"15 companies including SODIC, TMG bid for land in New Administrative Capital","author":"enterpriseam admin","date":"12 March 2017","format":false,"excerpt":"SODIC and Talaat Moustafa Group (TMG) are among 15 companies that have submitted bids to buy land in the New Administrative Capital, a source at the company managing the project told Reuters\u2019 Arabic service. The companies submitted financial and technical offers, the source said. The source said the technical bids\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559337,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/18\/also-on-our-radar-on-18-january-2021\/","url_meta":{"origin":562579,"position":4},"title":"Also on our radar on 18 January 2021","author":"enterpriseam admin","date":"18 January 2021","format":false,"excerpt":"TMG purchases 21 mn sqm of land for massive new capital development: Talaat Moustafa subsidiary the Arab Company for Projects and Urban Development has purchased 21 mn sqm (5.2k feddans) of land from the New Urban Communities Authority (NUCA) for a EGP 500 bn residential project in the Capital Gardens\u2026","rel":"","context":"In &quot;RADAR&quot;","block_context":{"text":"RADAR","link":"https:\/\/enterpriseam.com\/egypt\/category\/radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":664477,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/30\/tmg-confirms-multi-bn-usd-iraqi-project-plus-willow-ferro-exxonmobil\/","url_meta":{"origin":562579,"position":5},"title":"TMG confirms multi-bn USD Iraqi project. 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