Post by Majid Al Futtaim

For 27 years, Majid Al Futtaim has had the honour of standing alongside the people of Egypt. Today marks an important chapter in our shared journey of growth. Together with MIDAR for Investment and Urban Development, we have announced a strategic partnership to develop a USD 3.1 billion mixed-use development within Mada City in New Cairo. The development will span 2.32 million square metres and deliver approximately 6,000 homes, creating a future-ready community centred on quality of life, connectivity and sustainability. The announcement was made in the presence of H.E. Dr. Mostafa Madbouly, Prime Minister of Egypt, alongside Eng. Randa El-Menshawy, Minister of Housing, Utilities and Urban Communities, Dr. Hassan El-Khatib, Minister of Investment and Foreign Trade, and H.E. Hamad Obaid Al Zaabi, UAE Ambassador to Egypt, as well as Fadel Abdulbaqi Al Ali, Chairman of Majid Al Futtaim Holding, Major General Eng. Amir Sayed Ahmed, Chairman of MIDAR, Eng. Ayman Elkousey, Managing Director and CEO of MIDAR, and Ahmed Galal Ismail, CEO of Majid Al Futtaim Holding. This milestone reflects the strength of UAE-Egypt relations and a shared commitment to creating long-term value through sustainable urban development. More than a development, this is a commitment to the future of urban living in Egypt. Read more: https://maf.am/44sG8Mt