TMG Company is considered one of the largest leading companies in the Egyptian real estate market, as it ranked eighth in Forbes Middle East magazine’s list of the 50 most powerful companies in Egypt. Additionally, Businessman Hisham Talaat Mostafa, CEO and Managing Director of the group was selected as one of the most influential tourism leaders, and this great success and excellent reputation are the result of a series of impressive successes and long-term experience in implementing unparalleled projects.
TMG Developments Company
Talaat Mostafa Group Holding Company was established as an Egyptian joint stock company in 2007, but it has been operating in the real estate development sector in Egypt and the Middle East since the 1970s.
It has established many residential and tourism projects with integrated services, through which it aims to provide a luxury real estate product for both the middle and high classes.
Furthermore, the company is considered one of the largest real estate companies that pump investments into the Egyptian state, as the volume of its investments reached 5.3 billion dollars by the end of 2022.
It has won many prestigious awards over its years of operation, the most recent of which are the two following awards:
- The first award was for topping the list of the 100 most powerful companies in Egypt, as chosen by a number of investment banks.
- The second award is for sustainable construction, as it applies all sustainable rules in the field of building and construction.
History of Talaat Mostafa Group
TMG Company was founded by engineer Talaat Mostafa to work in the field of contracting in the seventies of the last century until 1983 when the Egyptian government offered a development program aimed at solving the problem of housing shortage in Egypt and allowed the private sector to achieve this in 9 unexploited desert areas of Cairo, so that these projects were the main reason for the fame of Talaat Mostafa Group and became one of the most important names on the list of the largest real estate development companies in Egypt and the Entire Middle East.
Previous projects of TMG Company
- Its first project was the Green Rawda Village in 1987 AD, extending over an area of 84,000 square meters in Alexandria.
- It also cooperated with AREI Company in 1988 to build the Virginia Beach Village, which is located on the North Coast.
- In 1994, it established two new residential complexes: the “Mayfair” complex in Shorouk City, and the “Al-Rabwa 1” complex.
- In 1996, the company also began developing the first phase of the company’s main project, “Al-Rehab City 1,” located in New Cairo.
- While in mid-2006, Talaat Mostafa Group began its most famous project, “Madinaty,” which extends over an area of 33.6 million
square meters.
