2 Days
Source:
المصدر
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Tal'at Mostafa launches four key projects worth 11 trillion EGP
Talat Mostafa Group, in collaboration with the Egyptian government, has confirmed the implementation of four major mixed-use projects with a total value approaching 11 trillion Egyptian pounds, aimed at boosting urban and economic development. These projects include the development of northern Madinaty, an 11.3 million square meter project in western Alexandria, a project in Abu Qir with investments up to 5 trillion pounds, as well as the development of a project along the North Coast covering nearly 10 million square meters, with investments amounting to around 970 billion pounds. These initiatives are expected to create approximately 6 million jobs and generate tax revenues reaching 2.4 trillion pounds. They are part of an effort to strengthen partnerships between the state and the private sector to support economic activity and develop the housing and services sectors. Additionally, President Sisi called for the government to collaborate with the group in establishing 200,000 rental housing units to enhance social housing services.
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