Talaat Moustafa Group (TMG) is nearing the completion of all concrete works for the first phase of its SouthMed project on Egypt’s Northwest Coast, the developer announced on Wednesday.
Construction is progressing at the site in line with established schedules for unit delivery, the company said in a statement. The developer added that the works are intended to ensure the Southmed development is fully operational from the first day of resident occupancy.
A video released on the project’s official social media channels showed the status of construction across various sectors, including the V1 and T1 villa zones. In addition to the concrete works, TMG reported progress on road networks and infrastructure, while construction at the marina is proceeding according to the planned timeframe.
The SouthMed project covers an area of 23m square metres. TMG is developing the site as a global destination on the southern Mediterranean, with the stated goal of competing with established European coastal destinations in southern France, Italy, Spain, and Greece.
The development is designed to feature an international marina for yacht tourism and more than 60,000 residential units with views of the sea, lagoons, and golf courses. According to the company, the project will also include over 2,000 hotel rooms, an international golf course, commercial shopping districts, and the largest entertainment theme park in the Middle East.
