Talaat Moustafa mulls development of 5K feddans in Capital Gardens City

Talaat Moustafa Group Holding (TMG Holding) is considering the development of 5,000 feddans in Capital Gardens City.

In response to reports of its talks with the New Urban Communities Authority (NUCA) over the project, the company said that the matter is still under consideration, according to a bourse disclosure on Sunday.

During the first six months of 2020, the company reported net profits of 685.4 million Egyptian pounds, down from 852.2 million pounds in the year-ago period, including minority shareholders’ rights.