Cairo: Prime Minister Mostafa Madbouli reviewed plans by Talaat Moustafa Group to expand its investments in Egypt during the coming period as part of efforts to increase private sector engagement in the economy.

According to State Information Service Egypt, this review took place in a meeting attended by Minister of Finance Ahmed Kouchouk, Minister of Housing, Utilities and Urban Communities Randa el Menshawy, Minister of Investment and Foreign Trade Mohamed Farid, former investment minister Ashraf Salman, and the group's CEO Hisham Talaat Moustafa.

Madbouli emphasized the government's efforts to create an environment conducive to attracting local and foreign investments, with a particular focus on increasing private sector activity in real estate, urban development, and tourism.

During the meeting, Hisham Talaat Moustafa highlighted the group's projects in urban development and tourism. He mentioned that the cities developed by the group are home to more than 1.2 million residents, including about 600,000 in Madinaty.

Moustafa also revealed plans for a significant project in East Cairo within Madinaty, which will feature residential units, office spaces, hotels, commercial areas, and entertainment facilities.