ArabFinance: Sales of Noor project hit the highest level ever, recording EGP 15 billion in three weeks, according to a statement by Talaat Moustafa Group (TMG) on July 5th.
Accordingly, TMGs total sales hiked to EGP 21 billion during the first half (H1) of 2021.
The real estate developer is expected to achieve EGP 30 billion in sales in 2021.
In June, TMGs subsidiary, the Arab Company for Projects and Urban Development, received 5,000 feddans in Capital Gardens, east Cairo.
The EGP 500 billion project is expected to comprise over 140,000 residential units, in addition to commercial, administrative, medical, and educational facilities.
TMGs new city, forecast to accommodate 600,000 people, will feature a 37-feddan campus, a 90-feddan sports club, and a five-star hotel, in addition to schools over an area of 30 feddans.
TMG is an Egypt-based company engaged in real estate investment activities. The company establishes and develops hotels and touristic and residential projects in Egypt.
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