Cairo – Mubasher: Madinet Masr Housing and Development signed a memorandum of understanding (MoU) with Korra for Energy and Investment Projects to accelerate construction at Taj City, with investments exceeding EGP 480 million.
Korra Energi will execute the construction of a showroom in Tajed, according to a press release.
Meanwhile, the construction of the mixed-use development scheme is set to be completed in 2025.
Abdallah Sallam, President and CEO of Madinet Masr, said: “These partnerships empower us to deliver cutting-edge, sustainable real estate projects that meet the ever-evolving needs of our clients, while reinforcing our leadership in Egypt's real estate market."
Ayman Korra President and CEO of Korra For Energy & Investment Projects, commented: " Together, we share a vision of building a sustainable future, leveraging the latest global building and construction technologies while adhering to the highest international standards.”
Heba Korra, Vice President of Korra For Energy & Investment Projects, noted: “We believe that Taj City will be a game-changer in Egypt’s real estate landscape, not only in terms of quality and design but also in offering an exceptional residential experience that caters to customer needs and solidifies the position of the Egyptian real estate market."
In December 2024, Madinet Masr teamed up with ASEC Automation to construct the second phase of infrastructure and road networks for Sarai in New Cairo with investments exceeding EGP 580 million.
