Madinet Masr, a leading Egyptian real estate developer, has reported a robust performance for the first nine months of 2024, achieving EGP 36.7 bn in sales, marking a substantial boost in its growth and financial stability, Invest-Gate reports.

Moreover, this success is aligned with Egypt’s Vision 2030 for urban development and highlights Madinet Masr’s strategic focus on expanding its land portfolio and launching diverse projects in prime locations.

Furthermore, the company’s success is underscored by the sale of over 4,000 units across various projects in this period, more than double the sales from last year.

Expressing pride in the company’s achievements, Madinet Masr’s President and CEO Abdallah Sallam stated, “These results reflect our team’s dedication and the trust our customers place in the Madinet Masr brand. This trust motivates us as we continue expanding and solidifying our position in Egypt’s real estate market.”

It is worth noting that the company’s expansion strategy successfully launched new phases in flagship projects, including ‘Taj City,’ ‘Sarai,’ and ‘The Butterfly’ in Mostakbal City, all of which experienced strong demand.

These launches reflect growing customer confidence in Madinet Masr’s commitment to quality and innovative real estate solutions that exceed customer expectations, reinforcing the company’s legacy in Egypt’s real estate sector.