TMG Awards Concrete Plus Contract for Phase 1 Construction at South Med Project
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Cairo, Egypt – Talaat Moustafa Group (TMG), a leading real estate developer in Egypt, has contracted Concrete Plus for the construction of 179 residential buildings within Zone C01 of the South Med project, a large-scale development poised to become a global tourism destination. The agreement, signed recently, builds upon a previous successful collaboration between the two companies and underscores TMG’s commitment to maintaining high-quality construction standards.
South Med: A Mega-project in Development
The South Med development, spanning 23 million square meters near Alamein Airport, is envisioned as a thorough resort city. TMG aims to establish South Med as a premier international tourism hub,featuring a diverse range of amenities including:
* An international yacht marina
* Over 60,000 residential units
* 2,000 hotel rooms
* A golf course
* A theme park
* International commercial zones
Phase 1 of the project covers more than 10 million square meters and encompasses various zones offering villas,chalets,and the marina.The current contract focuses on Zone C01, which is part of this initial phase, and includes infrastructure development alongside the residential construction. https://www.dailynewsegypt.com/2025/12/24/tmg-nears-completion-of-phase-1-concrete-works-at-southmed-project/
Collaboration and Technological Integration
Concrete Plus will construct 179 fully finished residential buildings, specifically chalets offering lagoon views. This project continues a successful partnership with TMG, following their previous collaboration on the Noor City project in East Cairo.
The construction will incorporate smart electromechanical technologies designed to enhance sustainability. These include automated lighting and irrigation systems aimed at reducing both energy and water consumption.
TMG’s Expansion and market Position
Wael ElDeeb, Executive Vice President of TMG, emphasized that the partnership with Concrete Plus aligns with the group’s strategy to ensure quality control throughout its projects.TMG currently boasts a market value exceeding EGP 149 billion (approximately $3.1 billion USD as of January 26, 2024).https://www.tmg.com.eg/en/investor-relations/market-data
The company holds a substantial land bank of over 115 million square meters and has a proven track record of developing integrated cities in Egypt, including Madinaty and Al Rehab. Looking ahead, TMG plans to extend its successful development model to Saudi Arabia and Oman between 2025 and 2030.
Key Takeaways:
* Large-scale Development: South Med is a 23 million square meter project designed to be a major tourism destination.
* Strategic Partnership: TMG and Concrete Plus are collaborating on the construction of 179 residential buildings in Zone C01.
* Sustainability Focus: The project will utilize smart technologies to reduce energy and water consumption.
* Expansion Plans: TMG is planning to expand its development model to Saudi Arabia and Oman.
this project represents a significant investment in Egypt’s tourism infrastructure and demonstrates TMG’s continued commitment to large-scale, innovative real estate development. The integration of smart technologies and the focus on sustainability position South Med as a forward-thinking project with the potential to attract both residents and tourists for years to come.
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