UAE's Majid Al Futtaim Signs $3.1bn Urban Development Project in Egypt

Egyptian, Emirati firms ink over 3.1-bln-USD New Cairo project

CAIRO, June 21 (Xinhua) -- Two leading companies from Egypt and the United Arab Emirates (UAE) signed here on Sunday a major strategic partnership agreement worth over 3.1 billion U.S. dollars to develop a mega integrated urban project in New Cairo, read a statement by the Egyptian Cabinet.

UAE's Majid Al Futtaim signs $3.1bn urban development project in Egypt

Partnership with Cairo-based Midaar to develop community under revenue-sharing deal

EGYPT, UAE FIRMS SIGN PARTNERSHIP TO DEVELOP NEW CAIRO URBAN PROJECT WITH INVESTMENTS EXCEEDING $3 BLN

Majid Al Futtaim and Midar team up for $3bn project in Egypt

Majid Al Futtaim has partnered with Egypt’s Midar for Investment and Urban Development to build a mixed-use development in Mada City, New Cairo. The 2.32 million square metre project has a total development value of $3.1 billion, the Dubai-based conglomerate said in a statement. The smart city in the heart of New Cairo will house 500,000 people, according to its website. The master plan includes an integrated urban community with 6,000 residenti…

Partnership with UAE private sector reflects growing confidence in Egyptian economy - PM

Prime Minister Mostafa Madbouly said partnerships between the Egyptian private sector and investors from sisterly countries reflect growing confidence in the Egyptian economy and underscore the market’s ability to attract more high-quality investments that support sustainable development goals. Madbouly made the remarks during a ceremony to sign an investment partnership agreement between Egyptian and Emirati private-sector entities to develop a…

Egyptian, UAE firms ink over $3.1b New Cairo project

Two leading companies from Egypt and the United Arab Emirates (UAE) signed here on Sunday a major strategic partnership agreement worth over 3.1 billion U.S. dollars to develop a mega integrated urban project in New Cairo, read a statement by the Egyptian Cabinet, reported Xinhua. The project, located in Mada City, spans over 553 feddans (2.32 square km) and brings together Egypt's MIDAR for Investment and Urban Development and UAE-based Majid A…