The company has a strong business precedent in tourism projects in various areas in the Red Sea and elsewhere.
Described as the "new face of Riyadh", it will be built around the Mukaab structure, which will be "one of the largest built structures in the world".
This agreement inaugurates the construction of Opal 3D-A and Garnet 3D-B at CityGate New Cairo, a self-sustaining city in the heart of New Cairo – located 30 minutes away from Cairo International Airport.
Ahmed Masoud, Chairman of Menassat Developments, says that the project is a commercial, administrative, and medical mall on an area of 5,500 sqm.
For his part, Ibrahim Zahran, Mardev’s CEO, reveals that the company is implementing several projects in NAC, including a residential compound and 3 commercial projects.
According to data compiled by MSCI, foreign dealmakers account for 57% of property investment in London during 2023, compared to 65% in 2015.