CAIRO, March 12 (MENA) – Prime Minister Mostafa Madbouly reviewed plans by Talaat Moustafa Group to expand its investments in Egypt during the coming period as part of efforts to increase private sector engagement in the economy.
This came during a meeting attended by Minister of Finance Ahmed Kouchouk, Minister of Housing, Utilities and Urban Communities Randa al-Menshawy, Minister of Investment and Foreign Trade Mohamed Farid, former investment minister Ashraf Salman, and the group’s CEO Hisham Talaat Moustafa.
Madbouli said the government is working to create an environment that attracts local and foreign investments and increases private sector activity, particularly in real estate, urban development and tourism.
During the meeting, Hisham Talaat Moustafa reviewed the group’s projects in urban development and tourism.
He said that cities developed by the group are home to more than 1.2 million residents, including about 600,000 in Madinaty.
He also presented plans for a large project in East Cairo within Madinaty, which will include residential units, office spaces, hotels, commercial areas and entertainment facilities. (MENA)
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