Madinet Masr Invests EGP 7bn in 2023

Egypt’s developer Madinet Masr held a ceremony to celebrate the fruitful and strategic partnerships with its successful partners, comprising all third-party suppliers, with a total monetary value of EGP 7bn achieved throughout 2023 divided into; EGP 5.3bn for construction, EGP 1.35bn for infrastructure, EGP 250m for landscape, and EGP 100m for consultancy services.

The ceremony was attended by 73 companies of Madinet Masr success partners in the field of contracting, engineering, telecommunications, construction, suppliers, and facilities including the Arab Organization for Industrialization, Telecom Egypt, El Hazek, ASEC, Sadek Elsewedy, Medcom, Madkour, Cemex, Giza Cable Industries, Ali Tawfik Group, A-One Trading & Contracting, Gila, Pink Group, Electro Home, El Motaheda Co. for Aluminum Trade, Al Safwa Co. for Aluminum Works and more.

Speaking at this event, President and CEO of Madinet Masr, Abdallah Sallam, said: “We are very proud of the joint success with our partners as we’re always keen to establish partnerships with prominent suppliers that share aligned strategic objectives that involve the latest technological solutions in line with the evolving real estate landscape in Egypt.”