Talaat Moustafa Group, Egypt's largest developer, announced on 20 October 2026 that it has signed an agreement with the state to develop four large projects: north of Madinaty in East Cairo, in Alexandria, next to Abu Qir port, and on the North Coast. The investment figures are targets, and no launch dates, prices or payment plans have been announced. For a buyer, nothing here can be bought yet. It does tell you where the country's biggest developer plans to build next.
The news below was checked on 21 October 2026.
What was announced
Hisham Talaat Moustafa, the group's CEO, presented the four projects on the second day of the Egypt Forum 2026 in the New Administrative Capital, as reported by Youm7 and Arab News. Together they cover more than 37 million square meters, with targeted investment of about EGP 11 trillion. AGBI puts that at about $202 billion and says the projects fall under the government's public-private partnership program.
| Project | Area | Targeted investment |
|---|---|---|
| Land between the Suez Road and Madinaty, East Cairo | about 5 million sqm | about EGP 3.2 trillion |
| Urban community in Alexandria | about 11.3 million sqm | about EGP 1.7 trillion |
| Industrial, logistics, housing and tourism project next to the new Abu Qir port | about 10 million sqm | about EGP 5 trillion |
| Coastal destination on the North Coast, km 147 to km 151 | about 10.4 million sqm | about EGP 970 billion |
According to Youm7, the East Cairo project is meant to connect with the existing Madinaty and mix homes, offices, shops and entertainment. The Alexandria project is described as a community along the lines of the group's Al Rehab, Madinaty and Noor.
The North Coast project is modeled on SouthMED
The fourth project is a new coastal destination between kilometer 147 and kilometer 151 on the North Coast, built on the model of SouthMED, which the group launched in 2024. Moustafa said at the same forum that SouthMED has sold EGP 530 billion of property, 27,000 units, since launch (Arab News). That is the company's own figure.
What is not known yet
Arab News notes that the investment, job and tax figures "remain declared targets", and that the announcement did not say when the projects will be built, how they will be financed or how commitments are split between the state and the group. We could not find a disclosure from the company on the Egyptian Exchange or on its investor relations page by 21 October. The company's share price closed more than 4% higher on 20 October, according to AGBI.
No project names, unit types, prices, payment plans or sales dates have been published for any of the four.
What this means if you're buying
- There is nothing to book yet. If anyone asks you for a payment to reserve a unit in one of these four projects, ask the developer directly whether sales have opened.
- These are long projects. A 10-million-square-meter city is built in phases over many years. When a first phase does launch, its delivery date will matter more than the size of the whole plan.
- If you are already looking at Talaat Moustafa's existing projects, this news does not change their prices or plans. Compare them on their own terms. The Talaat Moustafa page lists the projects we cover.
- On the North Coast, one more large project between km 147 and km 151 means more homes on the market in the coming years. It is one reason to compare several coastal projects before you commit to one.
For the wider picture of prices, rates and plans this year, see Egypt's property market in 2026.
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