Cairo – Mubasher: Talaat Moustafa Group Holding (TMG) stock surged by nearly 6% during Wednesday's trading session, topping the Egyptian Exchange (EGX) in terms of liquidity after signing four major projects with the State.
By 10:30 AM Cairo time, the company's stock jumped to EGP 90.25, recording a trading value of EGP 497 million executed through 5.4 million shares.
This coincided with a 1.26% rise in the Egyptian Exchange (EGX) main index, reaching the level of 52,742 points.
Project Details
Mostafa Madbouly, Prime Minister, announced yesterday during the "Egypt Forum 2026" the launch of 4 major developmental and urban projects in cooperation with the private sector and Talaat Moustafa Group, in its capacity as a strategic partner, in implementation of the State Ownership Policy Document.
The projects encompass residential, commercial, administrative, industrial, logistical, and tourism activities, aiming to boost investment, production, exports, and stimulate tourism.
The projects span a total area of up to 37 million square meters, aiming to establish integrated urban communities and smart infrastructure to support population expansion and create an attractive investment environment.
The total investments for the projects are estimated at approximately EGP 11 trillion, and are expected to generate tax revenues for the State Treasury estimated at around EGP 2 trillion, in addition to creating nearly 6 million direct and indirect job opportunities.
