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Egypt
Military seeks a slice of real estate giant TMG's mega-project

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Aerial view of Madinaty, in the eastern suburbs of Cairo, 27 November 2021.
Aerial view of Madinaty, in the eastern suburbs of Cairo, 27 November 2021. © Amr Abdallah Dalsh/Reuters

The $200bn deal announced in October between Talaat Moustafa Group and the Egyptian government has whetted the military establishment's appetite. How the proceeds will be shared remains unresolved.

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