TMG Holding Achieves Record USD 7.1B Sales Led by SouthMed Launch

Real estate developers TMG Holding has reported USD 7.1 billion (EGP 340 billion) in year-to-date sales, marking a seven-fold increase compared to the same period last year and breaking all previous sales records.

This surge is largely attributed to the launch of TMG's SouthMed project. SouthMed, a development situated on Egypt's North Coast, has already generated USD 4.2 billion in sales, solidifying TMG's position as the MENA region's fastest-selling company based on a single project launch.

TMG has also spearheaded their Banan development in Saudi Arabia, achieving EGP 40 billion in sales since its launch in May 2024.