Hill and TMG launch joint venture
Abu Dhabi, May 13, 2008
Hill International, the global leader in managing construction risk, has entered into an agreement with Talaat Moustafa Group Holding Co (TMG), one of the leading residential and hotel developers in Egypt.
As per this agreement they will form a new joint venture company that will provide project and construction management services exclusively on TMG projects throughout Egypt and elsewhere in the world.
The new joint venture will be owned 50 per cent by Hill and 50 per cent by TMG and will be headquartered in Cairo, Egypt.
The company is expected to immediately begin managing the construction of several of TMG’s largest developments, including the Mega Mall in Madinaty, the Four Seasons Hotel Luxor, the Four Seasons Hotel Madinaty, a major expansion to the existing Four Seasons Resort in Sharm El Sheikh as well as a major housing development in Riyadh, Saudi Arabia consisting of 5,000 residences for an anticipated 22,500 inhabitants spread over an area of 3,000,000 square meters.
“Our new co-venture with TMG will bring Hill’s project management expertise to the construction of their premier developments,” said president of Hill’s Project Management Group (International) Raouf S. Ghali. “It will also help build Hill’s experience and resources in the region.”
Talaat Moustafa Group Holding Co. (TMGH.CA) is considered one of the leading businesses operating in Egypt, drawing upon over 20 years of experience in the development industry to create innovative solutions to the lifestyle problems facing the Egyptian community.
TMG’s vision is to create “community developments” by establishing self-sustained residential city and community complexes. – TradeArabia News Service
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