Arab Finance: Hassan Allam Properties (HAP) has acquired a new land plot at MIDAR’s Mostakbal City for a mixed-use development project in East Cairo, as per an emailed press release.

The new project spans across 279 feddans in Mostakbal City, with investments of EGP 35 billion.

It will feature residential units, including single and multifamily homes, in addition to commercial spaces.

“Leveraging MIDAR’s extensive mastery in development, we are confident that our new joint undertaking will yield promising results. Together, we aim to continue driving innovation and excellence in the real estate sector, ultimately enhancing the quality of life for residents and investors alike,” CEO of Hassan Allam Properties Mohamed Allam commented.

“This collaboration underscores our shared commitment to creating sustainable, community-centric developments that enrich the lives of residents through our combined knowledge and dedication,” MIDAR’s Managing Director and CEO Ayman Elkousey remarked.

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