In Cairo, Egypt unveiled plans for a vast new urban project, signalling an ambitious expansion into the desert’s eastern horizon.
Talaat Moustafa Group announced it will build a 1.4 trillion Egyptian pound mixed-use city, reshaping the capital’s future landscape.
Chief executive Hisham Talaat Moustafa said the project, named “The Spine”, will be developed alongside National Bank of Egypt.
With a paid-up capital of 69 billion Egyptian pounds, the partnership underscores a significant public-private push to accelerate urban development and economic growth.
Spanning roughly 2.4 million square metres, the project will merge housing, commerce, hospitality, retail, and leisure into one continuous urban fabric.
Green spaces will weave through the development, offering a modern cityscape designed to balance density with open, livable environments for residents.
Moustafa said the investment equals about one percent of Egypt’s gross domestic product, highlighting its scale and national economic significance.
Over time, the project is expected to generate around 818 billion Egyptian pounds in tax revenues, boosting the state’s long-term fiscal outlook.
Developers also anticipate creating more than 55,000 direct jobs, alongside hundreds of thousands of indirect employment opportunities across related sectors.
As construction plans take shape, “The Spine” stands as a symbol of Egypt’s broader vision to redefine urban living and economic resilience.