Talaat Moustafa Group (TMG) is in ongoing negotiations with the Saudi Ministry of Housing to launch a joint residential project in the kingdom, Hisham Talaat Moustafa, CEO of TMG, told Daily News Egypt. However, Moustafa said that there are some issues still under study between the two sides. He explained that the group completed all designs of the planned Four Seasons Hotel in Madinaty, worth EGP 6bn. He added that the group is planning to complete the expansion of the Four Seasons Hotel Sharm El-Sheikh in August 2019. “TMG will launch its new project in the New Administrative Capital in June with investments of EGP 35bn.

Source: Daily News Egypt May 28, 2018 15:45 UTC