Hisham Talaat Moustafa’s TMG partners with Alameda for $100 million healthcare expansion in Egypt, Saudi Arabia

Key Points

• TMG invests $100 million with Alameda to develop a premium hospital in Cairo, enhancing healthcare and medical tourism in Egypt and Saudi Arabia. 
• The 200-bed Madinaty hospital, opening in 2027, aims to offer world-class medical services, boosting TMG’s healthcare expansion in the region. 
• TMG’s record-breaking growth continues with a 50% revenue rise, as it diversifies into healthcare, real estate, and hospitality across MENA.

Talaat Moustafa Group (TMG) Holding, led by Egyptian billionaire Hisham Talaat Moustafa, has partnered with Alameda Healthcare Group in a $100 million deal to develop premium medical facilities in Egypt and Saudi Arabia, expanding its footprint in the region’s rapidly growing healthcare sector.

Under the agreement, Alameda will manage and operate a state-of-the-art hospital within TMG’s flagship Madinaty development in East Cairo. The facility, slated to open in 2027, will be operated by a leading global healthcare provider and serve as a cornerstone of TMG’s broader push into medical investments.

$100 million bet on healthcare and medical tourism

With a total investment surpassing EGP5 billion ($100 million), the 200-bed hospital is designed to offer world-class medical services, positioning itself as a key hub for premium healthcare and medical tourism. TMG’s expansion aligns with its vision to integrate top-tier infrastructure into its urban developments, which house 1.2 million residents and serve a broader East Cairo population of over 4.5 million. 

Hisham Talaat Moustafa, CEO and Managing Director of TMG Holding, and Alameda Healthcare Chairman Fahad Khater formalized the agreement in a signing ceremony attended by top executives. EFG Hermes acted as the exclusive financial advisor for the transaction.

TMG strengthens its healthcare portfolio

Moustafa stated that the partnership with Alameda is part of TMG’s strategy to collaborate with industry leaders to deliver best-in-class services using cutting-edge technology. He emphasized that the new Madinaty hospital will enhance the group’s integrated offerings, building on its successful track record across residential, commercial, and hospitality sectors. 

Khater added that the partnership will set new benchmarks for integrated healthcare services in Egypt and the wider region. He noted that the Madinaty hospital is the first of several planned joint projects aimed at serving TMG’s growing communities in Egypt, Saudi Arabia, and beyond.

TMG’s regional expansion and strategic growth

Founded in 1974, TMG Holding has cemented its status as Egypt’s largest real estate developer. Under Moustafa’s leadership—who controls a 43.16 percent stake—the company has diversified into hospitality and now healthcare, positioning itself as a regional powerhouse. 

Beyond its medical expansion, TMG recently unveiled a $27 billion reconstruction plan for Gaza, targeting housing, infrastructure, and international partnerships over three years. In 2024, It ramped up its Saudi expansion with a SAR31.4 billion ($8.4 billion) investment in Banan City, northeast Riyadh, tapping into soaring demand for integrated urban developments.

Record-breaking financial performance

TMG’s aggressive growth strategy is paying off. Revenue soared 50 percent in 2024 to $844.86 million, fueled by booming demand in luxury real estate and hospitality. As the group moves into healthcare, it stands to capitalize on the rising demand for premium medical services across the MENA region. By weaving healthcare into its real estate developments, TMG is reshaping urban living in Egypt and Saudi Arabia while strengthening its foothold in high-growth sectors.