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PM: Real estate key to Egypt's economy
Prime Minister Mostafa Madbouly delivered a speech during the signing of a strategic partnership between the UAE-based "Midar" company and the Egyptian "Majid Al Futtaim" Foundation to develop an integrated urban project in Madé City, New Cairo, spanning 553 feddans, with investments exceeding $3.1 billion. He emphasized that the project reflects the strengthening of the real estate sector as a key element in Egypt's economic development. It includes residential, entertainment, and commercial components, providing employment opportunities for hundreds of thousands and supporting a large industrial ecosystem that serves the construction process and sustainable development. He also underscored that these projects contribute to improving the investment environment and achieving sustainable economic growth in the long term.
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