{"id":631297,"date":"2018-03-14T04:17:34","date_gmt":"2018-03-14T04:17:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/14\/tmg-holding-invests-egp-35-bn-in-new-capital-project\/"},"modified":"2018-03-14T04:17:34","modified_gmt":"2018-03-14T04:17:34","slug":"tmg-holding-invests-egp-35-bn-in-new-capital-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/14\/tmg-holding-invests-egp-35-bn-in-new-capital-project\/","title":{"rendered":"TMG Holding invests EGP 35 bn in new capital project"},"content":{"rendered":"

Talaat Moustafa Group (TMG) Holding has invested EGP 35 bn in its 500 feddan project in the new administrative capital, the company said in a statement to the EGX (pdf)<\/a>. TMG\u2019s subsidiary, the Arab Company for Projects and Urban Development, had purchased the land for EGP 4.4 bn in April 2017<\/a>. Separately, TMG has completed the designs for its EGP 6 bn Four Seasons hotel in Madinaty New Cairo and expects to break ground on the project within three months.<\/p>\n","protected":false},"excerpt":{"rendered":"

Talaat Moustafa Group (TMG) Holding has invested EGP 35 bn in its 500 feddan project in the new administrative capital, the company said in a statement to the EGX (pdf). TMG\u2019s subsidiary, the Arab Company for Projects and Urban Development, had purchased the land for EGP 4.4 bn in April 2017. Separately, TMG has completed […]<\/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":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631297","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"cb06e7c0-5e3d-4684-af63-d48f642dce37","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"TMG Holding invests EGP 35 bn in new capital project","related_issue":[631260],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.f4be4be0-2178-4394-b6ca-ec7b4916f5fb.mp3"},"yoast_head":"\nTMG Holding invests EGP 35 bn in new capital project - 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\/2018\/03\/14\/tmg-holding-invests-egp-35-bn-in-new-capital-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TMG Holding invests EGP 35 bn in new capital project\" \/>\n<meta property=\"og:description\" content=\"Talaat Moustafa Group (TMG) Holding has invested EGP 35 bn in its 500 feddan project in the new administrative capital, the company said in a statement to the EGX (pdf). TMG\u2019s subsidiary, the Arab Company for Projects and Urban Development, had purchased the land for EGP 4.4 bn in April 2017. 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The project includes residential, administrative, commercial, and recreational units.","rel":"","context":"In "Real Estate + Housing"","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":569343,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/talaat-moustafa-to-set-up-four-seasons-branded-luxor-hotel-under-ppp-contract\/","url_meta":{"origin":631297,"position":1},"title":"Talaat Moustafa to set up Four Seasons-branded Luxor hotel under PPP contract","author":"enterpriseam admin","date":"20 February 2020","format":false,"excerpt":"Talaat Moustafa Group (TMG) signed a contract with the Egyptian General Company for Tourism and Hotels (EGOTH) that will see TMG subsidiary Icon establish the planned Four Seasons-branded hotel in Luxor under a PPP framework, TMG said in a regulatory filing (pdf). The 200-room hotel is expected to cost up\u2026","rel":"","context":"In "Real Estate + Housing"","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":647869,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/tmg-drops-egp-1-8-bn-lawsuit-against-nuca\/","url_meta":{"origin":631297,"position":2},"title":"TMG drops EGP 1.8 bn lawsuit against NUCA","author":"enterpriseam admin","date":"22 May 2017","format":false,"excerpt":"Talaat Moustafa Group (TMG) says it has dropped the court case filed against the New Urban Communities Authority (NUCA), Al Mal reports. TMG had filed a case seeking an EGP 1.8 bn from NUCA for infrastructure works at the Madinaty project, saying NUCA has not reimbursed the company. 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In a statement (pdf) earlier this month, the FRA\u2026","rel":"","context":"In "WHO\u2019S IN THE MARKET FOR DEBT"","block_context":{"text":"WHO\u2019S IN THE MARKET FOR DEBT","link":"https:\/\/enterpriseam.com\/egypt\/category\/whos-in-the-market-for-debt\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560588,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/04\/tmg-holding-income-falls-11-in-2020\/","url_meta":{"origin":631297,"position":4},"title":"TMG Holding income falls 11% in 2020","author":"enterpriseam admin","date":"4 March 2021","format":false,"excerpt":"Talaat Moustafa Group\u2019s (TMG) net income declined 11% in 2020 to EGP 1.7 bn, compared to EGP 1.9 bn a year earlier, according to the company\u2019s earnings statement (pdf). 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