Talaat Moustafa Group (TMGH), the largest real estate company in Egypt by market cap, is studying expansion in the Saudi and Iraqi markets.
Who is affected🤷: TMGH formed a committee to study investment opportunities in Saudi Arabia and Iraq, and the group’s CEO referred to the instability that the State of Iraq has suffered from during the past thirty years, which indicates the volume of demand for projects that will be implemented, especially since the Iraqi government has repeatedly welcomed it.
Why is this important🤔: Hisham Talaat Mostafa, CEO and Managing Director of the group, said in a statement that the company is studying expansion in Saudi Arabia and Iraq, given their real demand for housing units.
