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Egypt's Talaat Moustafa Group to Build $27 Billion City East of Cairo
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9 Articles
The Egyptian government has launched The Spine project, which will lead to the construction of a new city east of Cairo. The project, which will invest 1.4 trillion Egyptian pounds (over 556 billion crowns), is intended to contribute to the development of the Egyptian economy.
Hisham Talaat Moustafa unveils $27B Cairo AI-powered city
Egypt's Talaat Moustafa Group announced plans on April 18 to build a $27 billion mixed-use city east of Cairo that its chief executive is calling the first AI-powered cognitive city in Egypt and the Middle East, a project so large that TMG's own CEO says it represents roughly 1% of the country's GDP.The project, named The Spine, will be built in partnership with the National Bank of Egypt with a paid-up capital of EGP 69 billion ($1.3 billion). …
Cairo, April 20, 2026 – The Egyptian government launched the global “The Spine” project with investments exceeding EGP 1.4 trillion, aiming to support urban development and economic growth. Egyptian Prime Minister Dr. Mostafa Madbouly explained that the project will provide more than 155,000 job opportunities, in addition to generating tax revenues exceeding EGP 800 billion, noting that it is being implemented in partnership with local financing…
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