Talaat Mostafa shares rise on deal
Talat Mostafa Group announced the signing of a strategic partnership agreement with the Egyptian government to develop four major real estate and investment projects. These projects encompass various areas across Egypt, totaling over 37 million square meters. The projects involve investments exceeding 11 trillion Egyptian pounds and include the development of two residential and commercial projects in New Cairo and Alexandria, as well as industrial, logistics, and tourism projects in Abu Qir and North Coast. The announcement led to a 6.5% surge in the company's stock, reaching 90.3 Egyptian pounds, amid expectations of increased investment expansion and positive financial results for the group in the coming period.
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