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بوابة الفجر
Misr Italia 150 Acres Withdrawn Due to Financial Issues
Medar Investment and Urban Development Company has reclaimed a 150-fadnan (approximately 150 acres) plot of land from Misr Italy Real Estate in Future City, east of Cairo, due to delays in payment and sluggish progress in execution. The details of the contract date back to 2018, and Misr Italy still retains around 120 faddans from the project, which it continues to develop according to the scheduled timeline. It is worth noting that Future City is one of Egypt’s largest real estate projects and is currently undergoing a restructuring process within the Misr Italy Group.
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