Misr El Gadida Housing secures 766-feddan land in Hadayek Al-Asimah

Misr El Gadida Housing and Development Company has received a 766-feddan land plot in Hadayek Al-Asimah, with a total value of EGP 12.118 billion, as per a disclosure.

The company has completed the initial down payment and secured an installment plan for the remaining amount over eight years, aligning with its financial and self-development plans.

Sameh El-Sayed, managing director and CEO, stated that the land, located near Cairo, New Heliopolis, and Madinaty, marks a significant step in the company’s expansion strategy and reinforces its position as a leading real estate developer.

In parallel, the company is developing 300 feddans in New Heliopolis, with ministerial approval pending for the first 25-feddan phase, designed by ECG Engineering Consultants.