Madinet Masr Signs EGP 1.2 Billion MoU with Group Construction to Boost Sarai Project Development

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Madinet Masr (EGX: MASR.CA), a leading Egyptian real estate developer, has signed a Memorandum of Understanding (MoU) with Group Construction to accelerate the construction of 80 residential buildings in the “Rai Views” area of its flagship Sarai project in East Cairo. The total investment for this phase is EGP 1.2 billion, with completion scheduled by end of 2027

Eng. Abdallah Sallam, President & CEO of Madinet Masr, stated: “Strategic partnerships with trusted entities are key to fast-tracking construction and delivering advanced real estate solutions that create lasting value. Our collaboration with Group Construction aligns with our commitment to sustainable, high-quality urban communities in line with Egypt’s national development vision

Eng. Sayed Elkattan of Group Construction added: “We are proud to partner with Madinet Masr on ‘Rai Views,’ bringing global construction standards, exceptional quality, and innovative solutions to Egypt’s real estate market

Sarai spans 5.5 million sqm along the Cairo-Suez Road and Al-Amal axis, offering a mix of apartments, S-Villas, and townhouses. Its strategic location ensures proximity to the New Administrative Capital (5 min), American University in Cairo (10 min), and the Ring Road (15 min), combining modern urban vibrancy with suburban tranquility

This MoU underscores Madinet Masr’s commitment to accelerating project delivery, enhancing urban infrastructure, and creating sustainable, integrated communities for Cairo’s growing residential market