Arab Finance: Madinet Masr for Housing and Development has signed a contract with Zahraa El Maadi Investment and Development Company to develop a 42-feddan site in New Heliopolis, as per an emailed press release.
The partnership aims to transform the 41.88 feddans into an integrated urban community featuring residential and commercial spaces, promising residents a unique living experience in a vibrant city atmosphere.
The project is set to span approximately six years and is projected to generate total revenues of EGP 11.4 billion, with Madinet Misr holding a 64% stake and Zahraa Maadi 36%.