Egypt is doubling down on large-scale, technology-driven urban development, with the announcement of The Spine, a USD 27bn mixed-use city to be built by Talaat Moustafa Group (TMG). According to Reuters, the project will span approximately 2.4 million m2 and be developed in partnership with the National Bank of Egypt, positioning it as one of the most ambitious urban investments in the region.
Framed as a Special Investment Zone integrated with TMG’s Madinaty development, The Spine is expected to combine residential, commercial, hospitality and entertainment spaces within a single continuous environment. But beyond its scale, the project stands out for its ambition to function as an AI-powered smart city from the ground up.
At roughly 1.4 trillion Egyptian pounds in investment, the development is projected to generate approximately 818 billion Egyptian pounds in tax revenues over time and create more than 55,000 direct jobs, alongside hundreds of thousands of indirect roles, according to Reuters.
