MODAD Group, a prominent leader in building, construction, and real estate development, has announced the allocation of 5% of its net profits to social responsibility initiatives through its charitable arm, MODAD Foundation for Social Responsibility, Invest-Gate reports.

This donation aims to enhance the group’s contribution to community development, with a focus on projects related to school development, education fee coverage for those in need, hospital renovation, provision of medical equipment, and improvements in medical care for patients.

This commitment is in line with MODAD Group’s strategy, which aims to create shared value for society, improve individuals’ lives, and empower them. The group is dedicated to developing the communities in which it operates by implementing various initiatives and programs that serve the most vulnerable groups and contribute to economic and social development, aligning with Egypt’s vision for sustainable development by 2030.

Eng. Mohamed El Haddad, Chairman and Group CEO of MODAD Group, expressed, “We are committed to fostering effective community participation to provide a better life for individuals and enhance their role in advancing the wheel of development. Hence, we have made it a priority to allocate a percentage of the group’s net profits to the development of the health and education sectors, as they are crucial strategic sectors for the comprehensive building of society.”

He further added, “We believe that our responsibility extends beyond the development of the real estate sector. It encompasses making a positive impact on the lives of individuals, particularly those most in need, and delivering real value to the communities where we are present. Therefore, we strive to study the needs of different groups to accommodate and address them. Investing in human resources is the most critical investment we can make to ensure a sustainable future for generations to come.”