North Africa: Egypt’s Talaat Moustafa Group Plans $27b City East of Cairo

Talaat Moustafa Group plans to build a new mixed-use city valued at EGP1.4 trillion, or about $27 billion, on the outskirts of Cairo. The project, called “The Spine,” will be developed in partnership with National Bank of Egypt.

The development will span about 2.4 million square meters and include residential, commercial and hospitality assets. It will feature 165 towers alongside retail, entertainment and green public spaces, designed as a single integrated urban environment.

The project will be…