Madinet Masr Inks Strategic Partnership with Redcon Spain Construction to Accelerate Construction in Sarai Project with Investments Over EGP 600 Mn

Madinet Masr, a prominent urban community developer in Egypt, has forged a strategic partnership with Redcon Spain Construction, a renowned construction firm, to expedite construction activities within the Sarai m ...

Madinet Masr Unveils “Esse Residence” in Sarai New Cairo, Aiming for EGP 18.2 Bn in Revenues

Madinet Masr, a prominent urban community developer in Egypt, has announced the launch of its newest phase/project, “Esse Residence,” in Sarai, Invest-Gate reports.

Madinet Masr Introduces “Sheya”: The Latest Project in Sarai with EGP 5.1 Bn in Total Sales

Madinet Masr, one of Egypt’s leading urban community developers, has announced the launch of "Sheya," the latest project in the company’s flagship development, "Sarai", Invest-Gate reports.

Madinet Masr Launches Corporate Social Responsibility Initiatives with The Egyptian Food Bank, Al Joud Foundation

Madinet Masr, one of Egypt's leading urban community developers, has launched comprehensive community initiatives during Ramadan, Invest-Gate reports.

Madinet Masr Triples its Sales, Achieving EGP 34.95 Bn in Total Contractual Sales in 2023

Madinet Masr, one of Egypt's leading urban community developers, has achieved a remarkable increase in total contractual sales, Invest-Gate reports.

Madinet Masr Breaks Records Hitting Highest Contracted Sales in Q3 2023

Madinet Masr announced achieving record-breaking sales, exceeding its annual goals for 2023 in just nine months of the same year, Invest-Gate reports.

SODIC Submits Non-Binding Offer to Acquire MNHD

Sixth of October Development and Investment Company (SODIC) submits a non-binding offer (NBO) for the potential cash acquisition of up to 100% of the share capital of Madinet Nasr Housing and Development (EGX: MNH ...

MNHD, CIB Seal EGP 1.1 bn Syndicated Loan Agreement

Egypt's Madinet Nasr for Housing and Development (MNHD) has agreed on an EGP 1.1 bn syndicated loan, aiming to proceed with plans to pump EGP 12 bn over the next three years into east Cairo's Sarai and Taj City pr ...

MNHD Nods Total Egypt’s Land Rental Offer in Sarai

Madinet Nasr Housing and Development (MNHD) has nodded a previously-signed 25-year agreement with Total Egypt to lease a 3,000-square-meter land in its New Cairo compound, Sarai, adding up to the latter’s 7,000-sq ...

MNHD’s Presales Jump 83% in H1 2020

Egypt's Madinet Nasr Housing and Development (MNHD) has unveiled that its presales stood at EGP 3.77 bn in H1 2020, going up by 83% YoY from EGP 2.06 bn in the year-ago period.

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