
TMG, Alameda partner on healthcare projects in Egypt and Saudi Arabia
Egypt - Talaat Moustafa Group (TMG) has partnered with Alameda Healthcare Group to develop and manage high-quality medical and healthcare projects in Egypt and Saudi Arabia.
Under the agreement, Alameda will manage and operate a new hospital in TMG's Madinaty project in East Cairo through a top-tier global operator. This will be the first of several planned joint ventures in TMG's cities in Egypt and abroad.
The new hospital, with total investments exceeding EGP 5bn pounds ($100m), is scheduled to open in 2027. It will provide integrated medical services and high-quality healthcare with a capacity of approximately 200 beds, aiming to attract medical tourism and become a leading healthcare destination in the region.
TMG said it is part of a strategy to provide integrated services and a sustainable quality of life for its residents, totalling 1.2 million people in its projects and more than 4.5 million in the East Cairo area.
Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Group Holding, and Fahad Khater, Chairman of Alameda Healthcare, signed the agreement in the presence of senior executives from both companies.
EFG Hermes acted as the exclusive financial advisor for the transaction.
Hisham Talaat Moustafa said that the partnership with Alameda aligns with TMG's strategy to collaborate with leading companies in various fields to meet the needs of its clients using the latest technologies. He added that operating the Madinaty hospital capitalises on the success of various investment projects in all of the group's cities, adding to the integrated services it provides to Madinaty residents.
Khater said that the partnership with Talaat Moustafa Group will contribute to establishing new standards for integrated healthcare services in Egypt and the region. He added that the new hospital in Madinaty is the first of similar joint projects, aimed at providing medical services to the communities of Talaat Moustafa Group in Egypt, Saudi Arabia, and beyond.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Zawya
6 days ago
- Zawya
Egypt: Kima registers over $16.32mln profits in 9M-24/25
Cairo – Egyptian Chemical Industries (Kima) logged net profits after tax valued at EGP 811.65 million in the first nine months (9M) of fiscal year (FY) 2024/25, an annual hike from EGP 102.28 million. Basic earnings per share (EPS) jumped to EGP 0.40 in 9M-24/25 from EGP 0.054 as of 31 March 2024, according to the financial results. Meanwhile, the sales witnessed a year-on-year (YoY) leap to EGP 6.39 billion from EGP 4.61 billion. Kima targets generating net profits of EGP 1.36 billion and EGP 9.53 billion in revenue for FY 25/26. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (


Zawya
7 days ago
- Zawya
Gold prices in Egypt surge on Monday
Arab Finance: The gold prices in Egypt jumped on Monday, with the 24-karat rising to EGP 5,320 per gram for purchasing and EGP 5,348.5 for selling, iSagha's data showed. Likewise, the 22-karat gold price hiked to EGP 4,876.75 for buying and EGP 4,902.75 per gram for selling. The 21-karat gold also rose to EGP 4,655 per gram for purchasing and EGP 4,680 for selling. The 18-karat gold amounted to EGP 3,990 per gram for buying and EGP 4,011.5 for selling. The gold pound's price stood at EGP 37,240 for purchasing and EGP 37,440 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (


Zawya
7 days ago
- Zawya
EGP strengthens slightly against USD on Monday
Arab Finance: The exchange rate of the US dollar to Egyptian pound traded at EGP 49.64 for purchasing and EGP 49.74 for selling at Banque Misr on Monday at 1:03 PM. Likewise, the exchange rate registered EGP 49.64 for buying and EGP 49.74 for selling at the National Bank of Egypt (NBE) at 1:09 PM. Also, at the Commercial International Bank Egypt (CIB), the US dollar recorded EGP 49.64 for purchasing and EGP 49.74 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (