Madinet Nasr Housing and Development (MNHD) signs an EGP 350 mn agreement with Egyptian contractor DMC for the construction of 13 buildings in Lake Park in Taj City, Invest-Gate reports.

The project is set to be delivered in 18 months and DMC will be in charge of the construction of the 13 buildings in Lake Park, mechanical, electrical, and plumbing work, and the facades.

Abdallah Sallam, CEO and Managing Director of MNHD, comments: “We are thrilled to team up with DMC, a leading contracting company, to ensure the highest levels of quality for our customers and further add to our growing portfolio of credible partners.”

Sherif Soliman, the CEO and Vice Chairman of DMC, says: “Our partnership with MNHD, being one of the oldest and leading urban developers in the local market, is an embodiment of our mutual objectives to bring life to lands, improve living communities and meet the growing and evolving demands of customers.”

Lake Park is surrounded by a park and various water features. Lake Park Studios projects feature unit spaces ranging between 58 and 200 sqm to meet the needs of different customers.

Situated on 5.3 mn sqm in New Cairo, Taj City is a vast development featuring residential complexes, shopping facilities, and green areas.