Monday, May 12, 2008

Egypt’s Talaat Moustafa to build residential complex in Saudi Arabia.

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Egypt’s Talaat Moustafa to build residential complex in Saudi Arabia. Egypt’s real estate developer Talaat Moustafa bought 3.8mn square meters of land to build a residential housing complex in Saudi Arabia , the company said in a statement without giving further details. The deal raised Talaat Moustafa’s land portfolio in Saudi Arabia to 7.8mn square meters. The company’s first housing development project in Riyadh will include 5,000 residences for an anticipated 22,500 people. Last week, the company formed a joint venture with US Hill International for construction projects in the Middle East .

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Egypt’s Talaat Moustafa to build residential complex in Saudi Arabia.

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