{"id":685080,"date":"2026-02-09T00:00:00","date_gmt":"2026-02-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/09\/tmg-eep-to-set-up-noor-city-university\/"},"modified":"2026-02-09T00:00:00","modified_gmt":"2026-02-09T00:00:00","slug":"tmg-eep-to-set-up-noor-city-university","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/09\/tmg-eep-to-set-up-noor-city-university\/","title":{"rendered":"TMG, EEP to set up Noor City university"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TMG\u2019s Noor City is getting a university, courtesy of EEP<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>TMG<\/strong><strong>, EEP <\/strong><strong>pave<\/strong><strong> the way for a university in Noor City:<\/strong> 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 <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/2\/528.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a> and another <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/2\/548.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> from TMG. The total investment for the university is estimated at EGP 8 bn. The project marks EEP\u2019s first venture into higher education. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s not all: <\/strong>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. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS: <\/strong>Our friends at EFG Hermes acted as the sole financial advisor for the partnership.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Madinet Masr moves to diversify its business model with new real estate investment fund<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Madinet<\/strong><strong> Masr\u2019s Safe Real Estate Investment Fund received final <\/strong><strong>approval<\/strong><strong> from the Financial Regulatory Authority to begin operations<\/strong>, the real estate player said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/2\/490.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. 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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SODIC sees revenues more than double in 2025<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SODIC\u2019s net income rose 77% y-o-y to EGP 4.5 bn in 2025<\/strong>, driven by a 118% y-o-y jump in revenues to EGP 21.3 bn, the developer said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/2\/513.pdf\" style=\"\" rel=\"noopener\">latest earnings release (pdf)<\/a>. The company recorded contracted sales of EGP 48.4 bn for the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Helping drive the growth was<\/strong> <strong>customer loyalty<\/strong> \u2014 with 44% of buyers being repeat customers \u2014 land bank expansion, and long-term scaling, Group General Manager Ayman Amer said at a presser yesterday attended by EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SODIC sold 1,788 units last year<\/strong>, 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\u201330% across the company\u2019s 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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>\u201cWith 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,\u201d Amer said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Madinet Masr\u2019s Safe Real Estate Investment Fund received final approval to begin operations<\/p>\n","protected":false},"author":1,"featured_media":685081,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[111,73,72,76,7203,83,312],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-685080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-education","tag-enterpriseam","tag-financial-regulatory-authority","tag-madinet-masr","tag-real-estate","tag-sodic","wpautop","entry"],"acf":{"mongo_id":"001c70a9-f5ec-46f4-9506-3bf64f3d6f05","order":"10","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/2\/544.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EEP steps into the world of higher education with Noor City university","related_issue":[685063],"teaser":"PLUS: Madinet Masr\u2019s Safe Real Estate Investment Fund received final approval to begin operations"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The project includes residential, administrative, commercial, and recreational units.","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":546650,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/egypt-education-platform-enters-pre-k-sector-with-acquisition-of-two-preschools\/","url_meta":{"origin":685080,"position":2},"title":"Egypt Education Platform enters pre-K sector with acquisition of two preschools","author":"enterpriseam admin","date":"24 May 2022","format":false,"excerpt":"Education management firm Egypt Education Platform (EEP) will acquire a majority stake in Montessori preschool chains Trillium and Petals, it said in a press release (pdf). EEP Communications Director Amr Sherif declined to disclose the exact stake or value of the transaction when asked by Enterprise. The acquisition is in\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/312.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562532,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/27\/cib-tmg-set-up-real-estate-spv-for-commercial-properties\/","url_meta":{"origin":685080,"position":3},"title":"CIB, TMG set up real estate SPV for commercial properties","author":"enterpriseam admin","date":"27 May 2021","format":false,"excerpt":"CIB and Talaat Moustafa Group (TMG) established a new real estate SPV, dubbed TCA Properties, during 1Q2021, the bank said in its quarterly report (pdf). CIB will own 37% of the new entity, with TMG holding the rest. The new venture will acquire, sell and lease commercial properties, and CIB\u2026","rel":"","context":"In &quot;Real estate&quot;","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/249.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625668,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/canwell-education-in-talks-to-rent-tmg-hotel-in-madinaty-for-student-housing\/","url_meta":{"origin":685080,"position":4},"title":"CanWell Education in talks to rent TMG hotel in Madinaty for student housing","author":"enterpriseam admin","date":"12 August 2018","format":false,"excerpt":"CanWell Educational Consultants is in talks with TMG Holding to rent one of its hotels in Madinaty and turn it into dorms for University of Canada students in Egypt, CanWell CEO Ramy Sallam tells Al Mal. The university is eyeing Madinaty for its proximity to the new administrative capital, where\u2026","rel":"","context":"In &quot;Health + Education&quot;","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550161,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/17\/eep-acquiring-majority-stake-in-selah-el-telmeez\/","url_meta":{"origin":685080,"position":5},"title":"EEP acquiring majority stake in Selah El Telmeez","author":"enterpriseam admin","date":"17 October 2022","format":false,"excerpt":"Student lifeline Selah El Telmeez is going to have a new majority owner: EFG Hermes and the Sovereign Fund of Egypt\u2019s (SFE) education management firm Egypt Education Platform (EEP) has inked an agreement to acquire an undisclosed majority stake in education platform Selah El Telmeez (SET), according to a statement\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/241.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/685080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=685080"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/685080\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/685063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/685081"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=685080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=685080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=685080"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=685080"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=685080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}