Riyadh – Sharikat Mubasher: Talaat Moustafa Group (TMG) joined forces with Alameda Healthcare Group to develop and manage advanced medical and healthcare projects in Egypt and Saudi Arabia.

As part of the agreement, Alameda will manage and operate a new hospital in TMG’s Madinaty development in East Cairo, working with a leading global healthcare operator, as reported by Daily News Egypt.

This hospital marks the first of several planned joint ventures in TMG’s projects both locally and internationally.

The upcoming Madinaty hospital, set to open in 2027, will involve investments exceeding EGP 5 billion ($100 million) and will offer integrated medical services with a capacity of around 200 beds. The facility aims to attract medical tourism and establish itself as a key healthcare destination in the region.

TMG described the initiative as part of its broader strategy to provide comprehensive services and maintain a sustainable quality of life for its 1.2 million residents across its developments, alongside the 4.5 million people in the wider East Cairo area.

The partnership agreement was signed by TMG CEO Hisham Talaat Moustafa and Alameda Healthcare Chairman Fahad Khater, with senior executives from both companies present.

EFG Hermes acted as the exclusive financial advisor for the transaction.

Moustafa emphasized that the collaboration aligns with TMG’s strategy of partnering with industry leaders to deliver cutting-edge services. He noted that the new hospital leverages the group’s successful investments across its cities, adding to the integrated services provided to Madinaty residents.

Khater highlighted that the partnership will help establish new benchmarks for integrated healthcare services in Egypt and the region. He added that the Madinaty hospital is the first of several planned projects designed to deliver quality medical services to TMG communities in Egypt, Saudi Arabia, and beyond.