Talaat Moustafa Group

The Talaat Moustafa Group (TMG), one of the largest conglomerates in Egypt, was founded by the former Talaat Moustafa and is headed by his son, Tarek Talaat Moustafa.

The Talaat Moustafa family owns 51% of the group's total stock; the rest is owned by Egyptian and Arab investors. Comprising 23 companies, the group is estimated to be worth 11.6 billion Egyptian pounds and employs more than 3,000 people along with 60,000 additional workers at its various project sites. In November 2007, the company's shares were made public.

TMG owns the largest urban development project in Egypt, El Rehab and other major projects in resort cities such as Sharm el-Sheikh. It has built the San Stefano Grand Plaza in Alexandria. The group has opened three Four Seasons Hotels in Egypt and is working on a major resort in Marsa Alam. In July 2006, The Talaat Moustafa Group started the Madinaty project, which literally means 'My City' in Arabic, is expected to occupy 8,000 feddans and become the largest all inclusive city in the Middle East when it is completed in 2010.