Madinet Masr, a prominent real estate developer in Egypt, has signed a Memorandum of Understanding (MoU) with Korra For Energy & Investment Projects to accelerate construction at Taj City, Invest-Gate reports. The agreement represents an investment exceeding EGP 480 mn and underscores Madinet Masr’s commitment to timely project delivery and market leadership.

The MoU was signed by Abdallah Sallam, President and CEO of Madinet Masr, along with Ayman Korra, President and CEO of Korra For Energy & Investment Projects, and Vice President Heba Korra, in the presence of senior executives. The agreement includes constructing a showroom in Tajed at Taj City, scheduled for completion in 2025, with adherence to international standards to maximize luxury, comfort, and customer value.

“We firmly believe that strategic partnerships are pivotal to driving innovation and achieving sustained economic growth,” Sallam stated. “This collaboration aligns with Egypt Vision 2030, enabling us to deliver sustainable real estate projects that meet evolving client needs.”

Ayman Korra expressed pride in the partnership, emphasizing their shared vision of sustainable development and adherence to global standards.

Heba Korra highlighted their commitment to innovative construction solutions, describing Taj City as a transformative project in Egypt’s real estate sector.

Spanning 3.5 mn sqm, Taj City is strategically located near Cairo International Airport and key urban hubs. Combining modern amenities, innovative retail spaces, and lush green landscapes, Taj City reflects Madinet Masr’s legacy of excellence and contributes to Egypt’s urban development goals.