Madinet Masr (EGX: MASR.CA), one of Egypt’s leading urban community developers, and ELSEWEDY ELECTRIC S.A.E. (EGX: SWDY.CA), a global leader in integrated energy, infrastructure, and digital solutions, have signed a Memorandum of Understanding (MoU) with ElSEWEDY ELECTRIC Infrastructure, a specialized subsidiary of ElSEWEDY ELECTRIC , to execute advanced infrastructure works at “Elan”, located within “Sarai” development in East Cairo. Valued at EGP 400 million, the strategic partnership supports Madinet Masr’s vision to develop sustainable urban communities built on smart infrastructure that enhances quality of life and delivers long-term value, in line with international engineering standards and best practices, Invest-Gate reports.