Egypt: TMG Holding signs MoU to develop 14mln sqm mixed-use project in Iraq
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EGYPT NORTH AFRICA IRAQ CORPORATE INFRASTRUCTURE
Arab Finance: Talaat Moustafa Group Holding has signed a memorandum of understanding to develop a new large-scale mixed-use project on a 14 million sqm plot in southwest Baghdad, as part of its regional expansion strategy focused on replicating its integrated city model in Middle Eastern markets, as per a disclosure.
The project, which follows the TMG's April 28th disclosure regarding negotiations with local Iraqi authorities, is expected to include approximately 46,000 mixed-use units.
It will mirror TMG's established community development approach implemented in Egypt and Saudi Arabia, with a focus on high-quality housing, smart infrastructure, and sustainability.
With this MoU, TMG Holding's regional land bank rises to 29 million sqm, spanning Iraq, Saudi Arabia, and Oman.
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