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Talaat Moustafa Group plans to invest in lagship Madinaty and Rehab developments

4 October 2011: Egyptian property developer Talaat Moustafa Group plans too spend EGP18bn ($3bn) on its two main projects by 2014. TMG is planning to spend EGP6bn each year on its flagship Madinaty and Rehab developments, funded partly from client receivables. The company had not yet decided whether to seek bank loans to cover some of the planned investments.

Source: Ameinfo