In June, TMG’s 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.
TMG’s 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.