Arab Finance: Talaat Moustafa Group Holding (TMG Holding) is currently getting ready to launch South Mead, its new project in the North Coast, according to an emailed press release.

Spanning an area of 23 million square meters, the project will be developed under a low-risk financial model.

The group also expects the unprecedented sales momentum to continue throughout 2024 on the back of the highly anticipated launch of South Mead and the ongoing robust demand witnessed in Saudi Arabia.

It is worth noting that TMG Holding’s sales have reached EGP 122 billion so far, marking a 2.7x annual increase.

These sales include EGP 37.1 billion from the group’s new project in Saudi Arabia, representing around 2,500 sold units so far.

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