CAIRO, April 20 – Egyptian developer Talaat Moustafa Group has unveiled plans for a massive new urban development near Cairo, with an estimated investment of 1.4 trillion Egyptian pounds ($27 billion).
The project, named “The Spine,” will span more than 2 million square meters and feature 165 residential, commercial and business towers, positioning it among the largest real estate developments in the region.
Chief Executive Officer Hisham Talaat Moustafa said the development is designed to serve as a central hub for economic activity, blending modern infrastructure with high-end urban living.
The announcement was made at a high-level event attended by Prime Minister Mostafa Madbouly and Central Bank Governor Hassan Abdalla, underscoring the project’s national significance.
“The Spine” is expected to generate more than 155,000 direct and indirect jobs while attracting millions of visitors annually. Early concepts highlight features such as skyscrapers, landscaped public spaces and large-scale leisure attractions, reflecting design elements seen in global hubs like Dubai.
The development builds on Egypt’s broader infrastructure push, which has drawn significant Gulf investment in recent years, including major projects along the Mediterranean coast such as Ras El-Hekma.
It also aligns with the country’s ongoing urban expansion strategy, which includes the construction of a new administrative capital aimed at easing congestion in Cairo and supporting long-term economic growth.
While no official timeline has been announced, the project signals continued momentum in Egypt’s large-scale real estate and infrastructure ambitions.
