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Hisham Talaat Moustafa, CEO of Talaat Moustafa Holding Group, said that the group's core specialization is creating integrated cities with a special, unconventional nature in Egypt and Saudi Arabia.

Moustafa added in an interview with the program "Al-Daraja Al-Oula" broadcast on Al Arabiya Business that the group also achieved significant development in the concept of the tourism product and the hospitality sector, explaining that every two or three years it works on producing a new, more modern project that aligns with global development.

He mentioned that the group is in advanced stages to announce massive integrated projects in Saudi Arabia that include all lifestyles, whether residential, entertainment, or hospitality aspects.

Moustafa preferred not to disclose the size of investments until they are officially signed, out of a desire to be cautious in disclosure due to the group being listed on the Egyptian Stock Exchange.

He affirmed that the group's focus in the next ten years will be on the Saudi market, adding that demand for the real estate market in Saudi Arabia over the next thirty years will be huge, especially with the legislative amendments recently approved by the Kingdom allowing foreign ownership.

Moustafa revealed that the Saudi Ministry of Housing provided a lot of support, explaining: "We succeeded in implementing the open community system in the Banan real estate project, and its units received great demand in the Saudi market and achieved large sales figures."

Regarding the Egyptian market, Moustafa said, "The term real estate bubble in Egypt is unscientific... and those who repeat it do not know the reality of demand in the Egyptian market," stressing that demand for housing is real and sustainable, given the market's need for between 900,000 and one million housing units annually over the next thirty years, driven by demographics.

He said that real estate demand needs to be met by seeking long-term financing solutions that suit the purchasing power of citizens in Egypt, noting that the cost of constructing units to meet demand from middle-income earners has become greater than the private sector's ability to bear, given the need to offer long-installment payment plans.

Moustafa indicated that long-term real estate financing at low interest rates should be a priority for the Egyptian government because it will provide better financial returns, and the Western world preceded us in this since World War II.

Moustafa continued: "We have reached global status in the field of real estate development and have been able to achieve a different lifestyle in Rehab and Madinaty and all our projects, where pollution is lower, ease of moving through streets, and providing the finest services."

He revealed that "Talaat Moustafa succeeded in creating attractive communities... our projects have become a brand and gained trust, and people rush to book our real estate units before they are announced... and today, 800,000 people live in Madinaty alone, owning 150,000 cars."

He said: "We succeeded in creating an effective community that includes entities contributing to the operation process and job creation, such as hotels, clubs, retail, health and educational services, in addition to offices and private companies."

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