Cairo – Mubasher: Madinet Masr Housing and Development registered a strong financial performance during the first nine months (9M) of 2024, according to a press release.
The company generated a leap in sales, achieving a total nominal value of EGP 36.70 billion, supporting Egypt's Vision 2030 for urban development.
Abdallah Sallam, President and CEO of Madinet Masr, said: "We are committed to expanding our land portfolio and diversifying our projects to create innovative real estate solutions that not only meet but exceed our customers' aspirations."
As of 30 September 2024, Madinet Masr's growth strategy has successfully driven the launch of several new projects, including new phases in Taj City, Sarai, and The Butterfly in Mostakbal City.
In line with its strategic expansion plans, Madinet Masr aims to enhance its land portfolio by developing new residential and commercial projects that adhere to the highest efficiency and quality standards.
Last September, the EGX-listed firm unveiled real estate projects at a total value of EGP 103 billion.
