Egypt's TMG Plans Projects & Investments in Iraq

Egypt's Talaat Moustafa Group (TMG) has informed the Egyptian Stock Exchange that it has started "the necessary legal and technical procedures" to begin projects and investments in Iraq.

In July, company Chairman Hisham Talaat Moustafa was part of a delegation of Egyptian, Saudi, and Iraqi business leaders meeting with Iraqi Prime Minister Mohammed Shia' Al Sudani.

The company is known for real estate investment project, in particular the development of major residential projects, in addition to hotels and resorts.