Talaat Moustafa Group Announces $27 Billion Urban Development Project in Cairo
Talaat Moustafa Group (TMG) has announced a $27 billion urban development project named The Spine in Cairo, in partnership with the National Bank of Egypt. The project, which includes AI-driven infrastructure, green spaces, and job creation, is expected to contribute 1% to Egypt's GDP and attract foreign investment. Construction is underway with an opening scheduled for April 2027.
Topics: AI economic growth foreign investment infrastructure real estate urban development