Egypt's government and Talaat Moustafa Group signed an EGP 11 trillion ($202.3 billion) agreement to develop and operate four large-scale mixed-use projects. President Abdel Fattah El-Sisi witnessed the signing at Egypt Forum 2026 on October 20, 2026. The projects cover approximately 36 million square meters across multiple locations.
Need help choosing? Talk to a Shary advisor
The four projects include: North Madinaty expansion east of Cairo (5 million sqm, EGP 3.2 trillion), a major mixed-use development in central Alexandria (11.3 million sqm, EGP 1.3 trillion), an industrial and logistics hub in Abu Qir (11 million sqm, EGP 5 trillion), and a North Coast resort destination (10 million sqm, EGP 970 billion). President El-Sisi requested government cooperation with TMG to develop 200,000 rental housing units.
Shary's take: what it means for buyers and investors
This landmark deal signals massive expansion in Egypt's development pipeline over coming years, meaning significant supply of residential and commercial units across multiple key markets. Investors can expect increased supply in East Cairo, West Cairo, the North Coast and Alexandria, which may pressure pricing for existing developments and dampen demand for competitors' products. The long-term execution timeline—requiring multiple years for delivery—means price pressure will not be immediate but is inevitable long-term.
Shary AI
Tell us your budget and Shary AI will shortlist for you
Type the amount and the area to get the units that fit you.
Ad
1% down payment, up to 15 years
Developer offers on the newest projects.
Ad
Know the price per meter in your area
The Shary Index is updated every month.
published 20 October 2026
