Madinet Nasr for Housing and Development signs a 5-year contract with Madkour Utilities to conduct distribution systems operations in the Sarai project, Invest-Gate reports.

Under the agreement, Madkour will manage and operate electricity and water smart metering systems across Sarai.

Madkour will also manage, operate, and maintain the medium and low voltage electrical networks of Sarai across the whole cycle.

“Investing in infrastructure is pivotal to ensure the livability and sustainability of our developments. By teaming up with a reputable entity like Madkour Utilities, as we entrust the operations and management of the power supply and smart water systems within Sarai to them to ensure seamless distribution, world-class services and unique customer support to the residents of the project,” Abdallah Sallam, CEO and Managing Director of MNHD, says.

“Collaborations such as the one with MNHD, one of the longstanding and leading developers in the local market, allows us to deploy our cumulative expertise and technical skills across large-scale projects like Sarai. We pride ourselves on having the competency and the international standards that qualify us to compete in the local market and provide top-quality projects,” Mostafa Madkour, Chairman of Madkour Utilities, comments.

Situated over 5.5 mn sqm, Sarai is a mixed-use development located directly on Cairo-Suez Road and Al Amal Axis.