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The Egyptian government and the Talaat Mustafa Holding Group signed, an agreement to develop, establish and operate four major multi-use investment and real estate projects, with targeted investments of about 11 trillion pounds, equivalent to about $204 billion, in a move aimed at enhancing urban activity and attracting investments to the sectors of housing, industry, logistics and tourism.
The announcement of the agreement came on the sidelines of the activities of the second day of the "Egypt Forum 2026", in the presence of President Abdel Fattah al-Sisi, Dr. Mustafa Madbouli, Prime Minister, and a number of ministers and officials, as part of the state's move to expand partnership with the private sector and the implementation of new development projects.
Details of the four Talaat Mustafa projects in Egypt
The Egyptian presidency announced in a statement that the agreement includes the development of 4 major projects in strategic locations in Cairo, Alexandria and the North Coast, whose activities range from real estate, industrial, logistical and tourism development.
The "North of My City" project is at the forefront of new projects, with targeted investments of 3.2 trillion pounds, on an area of about 5 million square meters.
The agreement also includes a real estate project in Alexandria on an area of 11.3 million square meters, with investments of about 1.3 trillion pounds, in addition to an integrated project in the Abu Qir area, which combines industrial, logistical and real estate activities, with targeted investments of up to 5 trillion pounds.
The fourth project is the establishment of a new tourist and coastal destination on the North Coast, similar to the South Mead project, with an estimated investment of 970 billion pounds.
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