Egypt’s Talaat Moustafa Group to expand in Saudi Arabia and Iraq: CEO

The Madinaty development in Egypt
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Updated 12 September 2022
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Egypt’s Talaat Moustafa Group to expand in Saudi Arabia and Iraq: CEO

RIYADH: Egyptian real estate company Talaat Moustafa Group (TMG) is considering expansion in Saudi Arabia and Iraq, given the demand for housing units, the company's CEO has said.

Hisham Talaat Moustafa made the comments during the visit of the Saudi Minister of Housing, Majid Al-Hogail, and the Saudi ambassador in Cairo, Osama Nugali, to the real estate group’s Madinaty project — the largest private sector development in Egypt, covering an area of 33 million sqm.

TMG has formed a committee to study investment opportunities in Saudi Arabia and Iraq, Asharq reported.

Moustafa pointed to Iraq’s instability during the past thirty years, which indicates the volume of demand for the projects that will be implemented, especially since the Iraqi government welcomes the repetition of the Madinaty and Al Rehab project's experience on its territory.

TMG had previously tried to enter the Saudi real estate sector about 12 years ago, when it planned to establish a project called "Breaths of Riyadh" in Riyadh's Rimal district.

The company recently proposed the Nour City project, east of the capital Cairo, facing the new administrative capital, on an area of 5,000 acres, with an investment cost of EGP500 billion.


Riyadh sees 24% decrease in infrastructure project duration in 2025

Updated 52 min 1 sec ago
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Riyadh sees 24% decrease in infrastructure project duration in 2025

RIYADH: Saudi Arabia’s capital recorded a 24 percent decrease in the execution time of infrastructure projects in 2025 compared to 2024, with the average implementation period falling from 34 days to 26 days.

According to Riyadh Infrastructure Projects Center, the improvement reflects effective coordination among various partners and stakeholders, alongside steady growth in project volumes.

This reduction came despite a rise in the total number of permits from more than 150,000 in 2024 to over 195,000 in 2025, marking a 29 percent increase in energy, water, telecommunications, and road projects in the region.

RIPC explained that the improvement is directly linked to the implementation of a comprehensive infrastructure plan and enhanced pre-planning, aligned with its strategic approach to managing projects through an integrated value chain covering planning, coordination, and enablement.

This approach, RIPC noted, relies on continuous regulatory and standard updates to boost procedural efficiency, minimize time and spatial conflicts, and reduce duplication of work.

The center highlighted that this approach reflects its regulatory role in unifying operational vision, improving stakeholder coordination, activating tools that enhance execution quality, and ensuring alignment with quality-of-life objectives and asset protection.

Operational indicators also reflected growth in project lengths, increasing from 9,490 km to 11,784 km — a 24 percent rise — alongside a surge in handled reports, which rose from 101,102 to 233,101, marking a 131 percent increase, highlighting an expanded monitoring scope and improved efficiency in managing infrastructure-related reports.

Supervisory visits rose from 84,316 in 2024 to 292,794 in 2025, a 247 percent increase, alongside an improvement in license compliance rates from 91 percent to 92 percent. These results reinforce the center’s commitment to strengthening adherence to safety and quality standards through effective oversight and standardized compliance guidance.

RIPC also highlighted that these achievements reflect its strategic focus on minimizing obstacles from infrastructure projects and reducing their urban impact during implementation, adding that this approach contributes to improving the city’s urban landscape, limiting closures and disruptions, and enhancing the daily experience of Riyadh residents.

It affirmed its continued efforts to advance planning, coordination, digitalization, and data management, while updating the regulatory and standards framework as part of a long-term strategic roadmap.

The center emphasized that this strategy is designed to keep pace with project expansion, boost organizational efficiency and sustainability, and support the development of a more integrated and harmonious urban environment for the city and its residents.