Madinet Masr Signs Strategic MoU with Group Construction for 80 Residential Buildings in Sarai
Strategic MoU to Boost Construction at Sarai
Madinet Masr (EGX code MASR.CA), one of Egypt’s leading urban community developers
has signed a Memorandum of Understanding (MoU) with Group Construction, a company
specializing in integrated construction services, to accelerate construction works in the flagship
Sarai project in East Cairo This strategic step aligns with Madinet Masr’s expansion strategy
aiming to fast-track project execution while ensuring the highest standards of quality
engineering excellence, and innovative urban development
Details of the Partnership and Investments
The MoU outlines the construction of 80 residential buildings in the “Rai Views” district
within Sarai, with total investments of approximately EGP 1.2 billion. The project timeline
targets completion by the end of 2027, reinforcing Madinet Masr’s commitment to timely
delivery and high-quality construction standards
Executive Statements on the Partnership
Eng Abdallah Sallam, President & CEO of Madinet Masr, commented Strategic partnerships with
trusted entities are the cornerstone of our vision to accelerate construction and deliver innovative
real estate solution Our collaboration with Group Construction reflects our commitment to partners
who share our values and ambition, applying world-class quality and innovation at every stage of
development. We are focused on building integrated, sustainable urban communities with advanced
infrastructure, supporting Egypt’s national urban development goals Eng Sayed Elkattan of Group
Construction added We are proud to partner with Madinet Masr in the construction of Rai Views
within Sarai. This collaboration demonstrates our joint commitment to delivering projects that meet
global construction standards, ensuring quality, and contributing to Egypt’s broader urban development
Our combined expertise will deliver a landmark development that adds real value to Egypt’s real estate market
About Sarai Project
The Sarai project is a flagship mixed-use development in East Cairo, offering a unique
living experience tailored to individual residents. The project balances modern urban
vibrancy with the tranquility of suburban living, featuring diverse residential options
including apartments, S-Villas, townhouses, and more Spanning over 5.5 million sqm
Sarai is strategically located along Cairo-Suez Road and Al-Amal Axis, just 5 minutes from
the New Administrative Capital, 10 minutes from the American University in Cairo, and 15 minutes
from the Ring Road, ensuring easy accessibility and connectivity
Impact on Urban Development in East Cairo
Sarai represents a milestone in Egyptian urban development and real estate investment
combining sustainable design, modern infrastructure, and integrated community living The project
reinforces Madinet Masr’s role in creating high-quality, value-driven residential communities
contributing to the ongoing transformation of East Cairo’s real estate landscap
