Egypt's Talaat Moustafa considers development of 5K feddans in Capital Gardens City

The company reported net profits of $44mln during the first six months of 2020

  
Image used for illustrative purpose. Alexandria, Tourism - Egypt.

Image used for illustrative purpose. Alexandria, Tourism - Egypt.

Getty Images

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) is considering the development of 5,000 feddans in Capital Gardens City.

In response to reports of its talks with the New Urban Communities Authority (NUCA) over the project, the company said that the matter is still under consideration, according to a bourse disclosure on Sunday.

During the first six months of 2020, the company reported net profits of EGP 685.4 million, down from EGP 852.2 million in the year-ago period, including minority shareholders’ rights.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Construction