Madinet Masr (EGX: MASR.CA) has announced the signing of a Memorandum of Understanding
(MoU) with Forward Contractors to execute construction works at the Sarai project, its flagship mixed-use
development in East Cairo, with a total investment of EGP 1.45 billionThis partnership supports
Madinet Masr’s strategic plan to deliver high-quality residential solutions, expand its land portfolio
and accelerate project delivery while adhering to modern sustainable urban development standards
MoU Details: 95 Residential Villas in Rai within Sarai
The MoU stipulates that Forward Contractors will undertake the construction
of 95 luxury residential villas in the Rai district of Sarai, with completion scheduled
by the end of 2027 The agreement was signed by Eng Abdallah Sallam, President & CEO
of Madinet Masr, and Eng Mohamed El-Gendy, Chairman & CEO of Forward Contractors
in the presence of senior executives from both companies
Executive Statements: Strengthening Real Estate Partnerships
Eng Abdallah Sallam, President & CEO of Madinet Masr, commented
This partnership represents a key milestone in our strategy to accelerate project execution
by collaborating with experienced partners like Forward Contractors. At Madinet Masr, we continue
to develop a robust land portfolio with integrated and diverse projects that meet customer needs
and support sustainable growth in Egypt’s real estate market Eng Mohamed El-Gendy
Chairman & CEO of Forward Contractors, added We are delighted to collaborate with
Madinet Masr on this project, reflecting our commitment to delivering comprehensive construction
solutions with the highest engineering standards Our expertise in high-end residential projects ensures
top quality and strict adherence to timelines, contributing to the success of the Rai project and exceeding
customer expectations. We look forward to a long-term partnership that reinforces our shared values
of innovation and excellence
Sarai Project: A Unique Residential Experience in East Cairo
The Sarai project is one of Madinet Masr’s flagship developments
designed to offer a personalized living experience that balances vibrant
urban life with the tranquility of suburban living
Key features of Sarai include
Diverse residential options Apartments, S-Villas, and townhouses
Large-scale green spaces and recreational areas
Prime location along the Cairo-Suez Road and Al-Amal Axis, just 5 minutes
from the New Administrative Capital and 15 minutes from the Ring Road
Total area 5.5 million sqm, providing a fully integrated mixed-use community
Sarai’s innovative design and strategic location make it a landmark real estate project
in East Cairo, catering to modern lifestyle demands and high-end residential preferences
