Cairo – Mubasher: The Egyptian cabinet approved a request from the Ministry of Housing, Utilities, and Urban Communities to enter into agreement with a subsidiary of Talaat Moustafa Group Holding (TMG Holding).
The company will develop 5,000 feddans in Capital Gardens City under a sale agreement with the New Urban Communities Authority (NUCA), according to a statement on Thursday.
During the first nine months of 2020, Talaat Moustafa Group recorded net profits of EGP 1.569 billion, up from EGP 1.312 billion in the corresponding period a year earlier.
