Dubai based developer Majid Al Futtaim has signed a deal with master developer MIDAR to build a $3.1 billion mixed-use community in New Cairo. Spanning 553 feddans within Mada City, the phased project marks the firm's first foray into Egypt's residential property sector. The plan includes 6,000 homes alongside commercial districts, leisure spaces and a shopping hub.
MIDAR for Investment and Urban Development has signed a major partnership agreement with Sixth of October Development and Investment Company (SODIC) to jointly develop Egypt’s first fully integrated wellness and sustainable community within “MADA”, New Cairo. The project, valued at EGP 110 billion, marks a significant step in Egypt’s ongoing urban expansion and sustainable city development efforts.
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