TMG Holding's Saudi project still under study - Managing director

TMG Holding's Saudi project still under study - Managing director
TMG Holding's CEO Hisham Talaat Moustafa
TMG Holding
TMGH
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By: Abdallah Bedier

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) is still considering the establishment of a residential project in Saudi Arabia, managing director Hisham Talaat Moustafa told Mubasher on the sidelines of Cityscape Egypt conference.

Moustafa declined to reveal additional details about the project, noting that it is subjected to study.

In July 2017 and following his release from prison, TMG's managing director had travelled to Saudi Arabia to meet with top officials from the Saudi housing ministry.

TMG Holding had at the time that the visit aimed to activate a memorandum of understanding (MoU) signed in April 2016 between both parties.

 

Translated by: Mai Ezz El-Din

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