In a landmark move to boost Egypt’s real estate sector, Midar for Investment and Urban Development has partnered with Majid Al Futtaim to develop a $3.1 billion integrated urban project in the “Mada” destination, New Cairo.
The agreement, signed in the presence of Prime Minister Dr. Mostafa Madbouly, focuses on transforming 553 acres into a premium mixed-use hub, featuring 6,000 residential units, a business district, and a state-of-the-art shopping and entertainment center.
This strategic alliance highlights the resilience of the Egyptian market and Midar’s success in attracting global investments.
With a phased development plan, the project aims to create a sustainable, world-class community that aligns with Egypt’s Vision 2030, building on Majid Al Futtaim’s 27-year legacy of successful investments and value creation in Egypt.
