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Key Points
- TMG Holding invests $4.9 million to upgrade Ain Shams University Medical City’s children’s emergency and oncology services.
- The revamped hospital will now serve over 300,000 children yearly, doubling capacity and enhancing emergency care standards.
- TMG has supported initiatives such as the 57357 Children’s Cancer Hospital, Ahl Masr Burns Hospital, and the Noor Hayat eye care program.
TMG Holding, the Cairo-based real estate giant led by Egyptian billionaire Hisham Talaat Moustafa, has bolstered Egypt's healthcare sector with a $4.9 million investment in Ain Shams University Medical City. This funding supported the launch of a fully upgraded Children’s Emergency Department and a modern Blood Transfusion and Chemotherapy Center.
The inauguration ceremony brought together key officials, including Egypt’s Deputy Prime Minister and Minister of Health, Khaled Abdel Ghaffar, and Ain Shams University President, Mohamed Diaa. The newly enhanced facilities are now equipped to serve over 300,000 children annually, more than doubling the hospital's previous capacity and marking a significant step forward in delivering quality healthcare services.
A step forward for healthcare infrastructure
Ain Shams Faculty of Medicine Dean, Ali Mohamed Al-Anwar, lauded the renovations, emphasizing their role in transforming emergency care for children, outpatient services, and specialized treatment units.
The upgrades included expanding emergency beds from 9 to 25, increasing blood transfusion beds from 12 to 45, and doubling the hospital’s annual patient capacity from 36,000 to 72,000. A new pharmacy for chemotherapy was also added.
TMG Holding funded the EGP 250 million ($4.9 million) project, earning praise from Children’s Hospital General Manager Yasmin Gamal El-Din, who highlighted the company’s pivotal role in the transformation.
“Our mission goes beyond real estate—we are committed to making a difference in people’s lives,” said Mohamed Atef, Executive Vice President of TMG Holding. The company’s history of social responsibility includes support for initiatives like the 57357 Children’s Cancer Hospital, Ahl Masr Burns Hospital, and the Noor Hayat eye care program.
Real estate giant driving growth and change
Founded in 1974, TMG Holding has firmly established itself as a leader in Egypt’s real estate sector. Under the leadership of Hisham Talaat Moustafa, who owns a 43.16-percent stake in the company, the group has achieved remarkable success.
In the first nine months of 2024, TMG Holding reported a 51.83 percent increase in revenues, climbing from EGP 18.41 billion ($366.14 million) in 2023 to EGP 27.96 billion ($555.9 million) this year.
The company has also set ambitious goals to boost Egypt's tourism sector, aiming to attract 30 million annual visitors. Its new North Coast project, SouthMed, is a centerpiece of this vision, supported by an investment of EGP1 trillion ($21 billion).
Beyond real estate and tourism, TMG’s contributions to healthcare remain a key part of its mission. By supporting Ain Shams University Medical City—a vital hub with nine hospitals and six specialized centers—the company continues to expand access to quality medical care for underserved communities across Egypt.
