Latest news with #Madinaty
Saudi Gazette
15 hours ago
- Saudi Gazette
Riyadh Mayoralty shuts 84 erring establishments
Saudi Gazette report RIYADH — The Riyadh Mayoralty carried out an intensive inspection campaign in the Manfuha neighborhood, resulting in the closure of 84 establishments for committing various violations. The mayoralty served 531 notices, and disconnected power supply to 11 sites. It also confiscated 31,620 products that were unfit for human consumption, in addition to destruction of 5,322 kg of food items and 25 kg of tobacco products. Sixteen vehicles were impounded. A total of more than 400 violations were detected during the inspection raids. The campaign, which was carried out in cooperation with security authorities and several government agencies, in response to reports received by the mayoralty via its "Madinaty" app regarding violations affecting food safety and product quality. The inspection campaign covered food establishments, meat shops, cafes, street vendors, as well as homes converted into food warehouses and tobacco establishments, in the Manfuha neighborhood featuring a high population density and bustling commercial activity. The mayoralty took strict measures, including warnings, issuing reports, imposing fines, and closing establishments that pose a risk to public health, as part of efforts to protect consumers and prevent the recurrence of such practices. The mayoralty said that it will continue campaigns with daily and periodic inspections and monitoring violations of establishments by using modern technological systems. It called on citizens and residents to cooperate with it through reporting violations via the "Madinaty" app, praising their role in enhancing oversight and achieving a safe urban environment.
Zawya
08-07-2025
- Business
- Zawya
Egypt: TMG Holding hits record $4bln in H1 2025 sales
Arab Finance: Talaat Moustafa Group Holding (TMG Holding) reported record-high new sales of EGP 211 billion in the first half (H1) of 2025, marking a 59% increase from EGP 133 billion in the same period last year, as per a disclosure. The surge was driven by continued demand for TMG's signature projects across Egypt and Saudi Arabia, including SouthMed on the North Coast, Madinaty, Privado, Nour, Celia, and Banan. The company attributed its strong performance to growing market recognition of its brand and the sustained appeal of its residential offerings. TMG said the results reflect its deep understanding of local and international demand dynamics and its ability to capture new opportunities. TMG also highlighted upcoming regional expansion into Oman and Iraq, which it said will support continued growth in sales and profitability across all business segments. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
08-07-2025
- Business
- Zawya
Egypt's Talaat Moustafa Group H1 sales jump 59% to $4.24bln
Egypt - Talaat Moustafa Group Holding (TMG), Egypt's largest listed real estate developer, announced contractual sales of EGP 211bn for the first half of 2025, a 59% increase compared to the same period last year. The company said the div represents its highest-ever half-year sales and reflects growing demand for its projects both inside and outside Egypt. In a statement to the Egyptian Exchange, TMG attributed the strong performance to customer confidence in its product quality, flexible marketing and sales mechanisms, and its strong financial position. Sales were led by its projects 'Madinaty,' 'Noor,' 'Privado,' and 'Celia' in East Cairo, the 'SouthMed' project on the North Coast, and the 'Banan' project in Saudi Arabia, highlighting the diversity of the group's portfolio. Talaat Moustafa Group added that the performance opens new prospects for expansion and reinforces its plan to enter promising regional markets, including Oman and Iraq. It said the aim is to continue growth and capitalise on rising demand for high-quality real estate in the region. Talaat Moustafa Group continues to reinforce its position as the largest developer in the Egyptian market, with a strategic focus on sustainable growth and increasing value for both shareholders and customers, the company said. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Daily News Egypt
07-07-2025
- Business
- Daily News Egypt
Egypt's Talaat Moustafa Group H1 sales jump 59% to EGP 211bn
Talaat Moustafa Group Holding (TMG), Egypt's largest listed real estate developer, announced contractual sales of EGP 211bn for the first half of 2025, a 59% increase compared to the same period last year. The company said the figure represents its highest-ever half-year sales and reflects growing demand for its projects both inside and outside Egypt. In a statement to the Egyptian Exchange, TMG attributed the strong performance to customer confidence in its product quality, flexible marketing and sales mechanisms, and its strong financial position. Sales were led by its projects 'Madinaty,' 'Noor,' 'Privado,' and 'Celia' in East Cairo, the 'SouthMed' project on the North Coast, and the 'Banan' project in Saudi Arabia, highlighting the diversity of the group's portfolio. Talaat Moustafa Group added that the performance opens new prospects for expansion and reinforces its plan to enter promising regional markets, including Oman and Iraq. It said the aim is to continue growth and capitalise on rising demand for high-quality real estate in the region. Talaat Moustafa Group continues to reinforce its position as the largest developer in the Egyptian market, with a strategic focus on sustainable growth and increasing value for both shareholders and customers, the company said.
Observer
20-05-2025
- Business
- Observer
Egypt's Talaat Moustafa Group to invest RO1.54 billion in Oman
Egypt's Talaat Moustafa Group (TMG) and the Ministry of Housing and Urban Planning have agreed to develop two projects for RO1.5 billion ($3.89 billion). The two projects will house nearly 13,000 residential and hotel units and will be linked by an electric train, the company said in a statement. The signatories were Khalfan al Shueili, the Minister of Housing and Urban Planning, and Hisham Talaat Moustafa, Chairperson of the Board of Directors of Talaat Moustafa Group Muscat for Real Estate Development. The signing took place on 19 May 2025. The ventures would provide about 13,000 residential and hotel units across more than 4.9m square metres. The two projects, situated on adjacent land plots west of Oman's capital, Muscat, will be linked by an electric train, Moustafa added. The first project involves developing a 2.7m square metre land plot in Sultan Haitham City into a smart, integrated-services residential area. Talaat Moustafa Group said this would mirror the model of its Madinaty project and other developments in Egypt. The residential project will feature diverse models of villas and apartments, a social and sports club covering an area of 190,000 square metres, and commercial and service areas spanning 140,000 square metres. The project is located minutes from Muscat International Airport. The second project will see an approximately 2.2m square metre land plot along the Al-Shakhakhit coast transformed into a tourism destination. The site, with a 1,760-metre beachfront on the Sea of Oman, is directly west of Beit al Baraka Palace. This development will feature a yacht marina, a tourist hotel, villa areas with sea views linked by artificial lakes, as well as cabins and residential apartments. The tourism project is located approximately 4 km from Sultan Haitham City and minutes from Muscat International Airport. It also intersects with the 215,000 square metre Al Naseem Heritage and Entertainment Park, which TMG said will provide vast green spaces and a distinctive view for various units of the project. According to Talaat Moustafa Group, both the real estate and tourism projects will dedicate over 50% of their total area to expansive green spaces and open areas. They plan to offer comprehensive services, including religious, health, entertainment, and sports facilities, alongside daily and seasonal commercial offerings. The projects will also leverage smart technologies for management and operation.
