CAIRO, EGYPT, April 18, 2026 /EINPresswire.com/ — Hisham Talaat is inviting investors and the business community to invest in The Spine project, one of the region’s most important business hubs. This integrated economic platform is a premier destination for global companies and contributes 1% to the GDP. The project was launched at a press conference attended by Prime Minister Dr Mostafa Madbouly today, Saturday, at the Cabinet headquarters in the New Administrative Capital. The Spine project has been developed by the Talaat Moustafa Group (TMG). Speaking at the event, Hisham Talaat, TMG’s CEO and Managing Director, described ‘The Spine’ as an unprecedented leap in smart urban development. It is the first ‘cognitive city’ in Egypt and the Middle East to be fully reliant on artificial intelligence technologies. Designed to attract global corporations, it will place Egypt at the forefront of international investment destinations. Talaat explained that the project embodies a comprehensive vision for building future cities and transforming them into globally competitive economic platforms. He noted that ‘The Spine’ investments exceed EGP 1.4 trillion, with paid-up capital of EGP 69 billion in a strategic partnership with the National Bank of Egypt, the largest financial institution in Egypt. He added that ‘The Spine’ is expected to contribute around 1% to Egypt’s GDP while generating tax revenues of approximately EGP 818 billion. It will also create 55,000 direct jobs and 100,000 indirect ones. The project includes a Special Investment Zone (SIZ) offering flexible regulations, simplified procedures and dedicated customs frameworks. These features are aimed at attracting foreign direct investment and enhancing the ease with which businesses can operate. The investment zone will also provide advanced digital infrastructure to facilitate the swift establishment of companies and foster a seamless integration of work and life, establishing this project as the backbone of the modern