Talaat Moustafa Group's $21 Billion SouthMED Project
Egypt's Talaat Moustafa Group plans to invest $21 billion in the North Coast SouthMED project. The development covers 23 million square meters on the Mediterranean coast west of Alexandria and is expected to generate $35 billion in sales, according to CEO Hisham Talaat Moustafa.
![Talaat Moustafa Group's $21 Billion SouthMED Project](https://devdiscourse.blob.core.windows.net/aiimagegallery/02_07_2024_10_17_47_3699411.png)
- Country:
- Egypt
Egypt's Talaat Moustafa Group is to invest $21 billion in Egypt's North Coast SouthMED project, its chief executive announced at a press conference on Tuesday.
The SouthMED development, which spans 23 million square meters of land on the Mediterranean coast west of Alexandria, is expected to generate sales of about $35 billion, CEO Hisham Talaat Moustafa said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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