Madinet Masr, GTCI partner to invest over EGP 263m in Taj City infrastructure
Egyptian real estate developer Madinet Masr has entered a strategic partnership with GTCI Constructors for Energy and Infrastructure Projects, a subsidiary of Al Tawakol Group, to invest more than EGP 263m in advancing the infrastructure of Taj City, a mixed-use
CIB leads syndicated loan of EGP 9bn for Madinet Masr in partnership with 6 banks
The Commercial International Bank—Egypt (CIB), acting as the lead arranger and financier, has successfully arranged a syndicated loan worth EGP 9bn for Madinet Masr Housing and Development Company, a key player in Egypt’s real estate sector. This loan, which spans
Madinet Masr unveils SAFE for fractional ownership, offering secure, seamless investment returns
Egypt’s real estate developer Madinet Masr has launched SAFE, an innovative application developed by Madinet Masr Innovation Labs. This app is set to revolutionize real estate investment by introducing a transformative approach to fractional ownership, enabling multiple stakeholders to own
Madinet Masr increases construction investments EGP 10bn to expedite Sarai, Taj City projects
Madinet Masr is expediting work on its Sarai project near the New Administrative Capital and Taj City in east Cairo, allocating EGP 10bn in capital expenditures to meet project timelines. The company successfully implemented its expansion strategy throughout 2024, launching
REITs offer ownership opportunities, investment potential: Developers
Real estate investment trusts (REITs) are crucial as they provide investors with the opportunity to diversify their portfolios and gain exposure to a variety of property assets. They allow for fractional ownership, making property investment accessible to a broader range
Boosting Egypt’s real estate quality needs foreign investment: Stakeholders
Ahmed Sabbour, Chairperson of Al Ahly Sabbour Developments, highlighted the importance of attracting foreign investment to enhance the quality of Egypt’s real estate sector, praising Emaar’s experience as a model to follow, having entered the market twenty years ago.
Talaat Moustafa Group stock soars 148% in 2024
Shares of Talaat Moustafa Group (TMG) have surged more than 148% since the beginning of the year, closing at EGP 60 per share on Monday, compared to a closing price of EGP 24.15 per share at the end of 2023.
Madinet Masr sales hit EGP 36.7bn in 9M 2024
Madinet Masr, one of Egypt’s leading real estate developers, reported a strong performance during the first nine months of 2024, achieving a significant leap in sales, achieving a total nominal value of EGP 36.7bn. These figures underscore the company’s growing
Madinet Masr Signs Partnership Agreement with Midar for Investment and Urban Development to develop an integrated residential project in the Fourth Phase of Mostakbal City – Dailynewsegypt
Madinet Masr (code MASR.CA), one of Egypt’s leading real estate developers, has announced the signing of an agreement to develop an integrated residential project in collaboration with Midar for Investment and Urban Development on a revenue-sharing basis. This project spans
Madinet Masr, Misr Al-Gadida for Housing & Development sign co-development project in New Heliopolis City
Madinet Masr, a prominent Egyptian real estate developer, has recently announced a significant co-development project in New Heliopolis City. This collaboration is with Misr Al-Gadida for Housing and Development, represented by Sameh Al Sayed, the Managing Director and CEO. The