Talaat Moustafa Group (TMG) has reported record sales, reaching EGP 470bn (equivalent to $9.4bn) as of November 6th. This represents a significant increase of over four times compared to the EGP 108bn recorded during the same period last year. The group’s new “SouthMed” project on the North Coast of the Mediterranean Sea has generated EGP 280bn (approximately $5.6bn) in sales. Meanwhile, the “Benan” project in Saudi Arabia, launched last May, has achieved remarkable sales of approximately EGP 53bn, exceeding its initial year-one sales target. The management of Talaat Moustafa Group believes its new business model will continue to leverage the company’s market leadership position.

Source: Daily News Egypt November 08, 2024 01:44 UTC