30 - Talaat Moustafa Group

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TMG ANNUAL REPORT 2008 35Residential buildingmaintaining privacy through locating services at the parametersoutside each residential areas. With a vertical spine containingthe multi-purpose city center, and another horizontal spine, inwhich TMG will establish clubs and facilities, in addition toessential services such as pharmacies located in the spine crossingpoint at walking distance to provide easy accessibility.Golf villas viewPhase one villasResidential construction work accomplished to-date covers 2million m 3 of digging and filling, 600 thousand tons of cement,250 thousand tons of steel, 1.5 million m 3 of concrete, 2 millionmeters of walls, 1.2 million meters of ceramics, 400 thousandmeters of marble, 4 million meters of paints and 20 thousandpieces of windows and doors.Current Projects Real Estate ReviewProject progress*Madinaty sales commenced in July 2006. As at December 31 st2008, phases 1 and 2 representing 25% of the residential builtup area of the project have been sold.Infrastructure work accomplished covers 12.5 million m 3 of Landleveling and roads preparation, 200 kilometers of roads levelingwork, 100 thousand m 3 of base and sub base layers, 63 kilometersof borders works, 40 thousand m 3 of asphalt work, 428 kilometerslength of water, sewage and irrigation water pipes, 110 kilometersof electricity cables and 35 kilometers of telephone cables.* Up to May 2009Delivery of phase I residential units with complete communityservices starting April 2010 will cover over 17,000 apartmentsand 2,400 villas, 3 schools, medical centers, sports club andcommunity centers of mosques, admin buildings, commercialshops, nurseries in addition to roads and city gates.In December 2008, TMG delivered 600 of these villas 16 monthsahead of schedule. Based on the current rate of sales andconstruction, and the assumption that the economy in Egyptremains strong, it is TMG’s expectation that the project couldfinish in 2020, 6 years earlier than the originally plannedcompletion date of 2026.Madinaty construction site
36Current ProjectsAl Rehab I & IIAl Rehab ILocationNew CairoTotal land size (m 2 ) 6,140,400To be dev. land (m 2 ) 924,225Expected population 120,000TMG participation 99.9%Commence dateNov-96Completion date* until 2011Revised completion date 2011CBRE Valuation (EGP mn) – June 2008 1,919CBRE Valuation (EGP mn) – June 2007 1,084* Initial plan date
Page 3 and 4: Table of Contents
Page 6 and 7: TMG ANNUAL REPORT 2008 534% growthi
Page 8 and 9: TMG ANNUAL REPORT 2008 7TMG at a Gl
Page 10: TMG ANNUAL REPORT 2008 9TMG at a Gl
Page 13 and 14: 12Board of DirectorsTarek Talaat Mo
Page 16 and 17: TMG ANNUAL REPORT 2008 15Disclosure
Page 18: TMG ANNUAL REPORT 2008 17Shareholde
Page 21 and 22: 20The TMG Brand NameTMG’s credibi
Page 23 and 24: 22The TMG Brand NameFilling the gap
Page 26 and 27: TMG ANNUAL REPORT 2008 25Market Ove
Page 28: TMG ANNUAL REPORT 2008 27Market Ove
Page 31 and 32: 30Real Estate Projects TableMadinty
Page 33 and 34: 32Current ProjectsMadinaty
Page 35: 34Current ProjectsMadinatyTMG is cu
Page 39 and 40: 38Current ProjectsAl Rehab I & IIAl
Page 41 and 42: 40Current ProjectsAl Rabwa I & II
Page 43 and 44: 42Current ProjectsAl Rabwa I & IIAl
Page 45 and 46: 44Current ProjectsNasamat Al Riyadh
Page 47 and 48: 46Current ProjectsNasamat Al Riyadh
Page 49 and 50: 48Completed ProjectsMay FairThe May
Page 52 and 53: Hotels & Resorts Projects OverviewO
Page 54 and 55: TMG ANNUAL REPORT 2008 53San Stefan
Page 56 and 57: TMG ANNUAL REPORT 2008 55LocationCa
Page 58 and 59: TMG ANNUAL REPORT 2008 57Beyman sto
Page 60 and 61: TMG ANNUAL REPORT 2008 59LocationAl
Page 62 and 63: TMG ANNUAL REPORT 2008 61Private be
Page 64 and 65: TMG ANNUAL REPORT 2008 63LocationSh
Page 66 and 67: TMG ANNUAL REPORT 2008 65A villa wi
Page 68 and 69: TMG ANNUAL REPORT 2008 67Marsa Alam
Page 70 and 71: TMG ANNUAL REPORT 200869LocationSha
Page 72: TMG ANNUAL REPORT 2008 71TMG Office
Page 76: TMG ANNUAL REPORT 2008 75Executive
Page 79 and 80: 78CFO Report“As we progress with
Page 81 and 82: 80CFO ReportRevenues BreakdownReven
Page 83 and 84: 82CFO ReportHotels and ResortsFour
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85Translation of financial statemen
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98Translation of financial statemen
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30 - Talaat Moustafa Group

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