Arab Finance: Midar Investment and Urban Development is on the verge of finalizing two contracts with Gulf investors to develop two large-scale projects, each spanning 1,500 feddans, a company official told Asharq Business.

The two lands under negotiation are located within the 5,800-feddan Midar City, which was launched last April.

The projects will include residential, commercial, administrative, and entertainment components.

They will be established under a revenue-sharing model, with Midar providing the land and the investors funding the development.

Founded in 2006, Midar serves as a master developer for a land portfolio of about 11,000 feddans in East Cairo, near the New Administrative Capital (NAC)

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