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Mostafa Madbouly: Mada project in New Cairo creates thousands of jobs
Prime Minister Mustafa Madbouly announced the signing of a partnership agreement between the Egyptian and Emirati private sectors to develop an urban development project in Madá City, New Cairo, with investments exceeding $3 billion. The project aims to support over 95 industries and create hundreds of thousands of jobs, encompassing entertainment, commercial, food manufacturing, and apparel sectors. The real estate sector is considered a foundational pillar of the Egyptian economy and a key driver of economic development within the project.
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