ZAWYA-SNG: Egypt: Madinet Masr signs deal with Forward Contractors for construction works in Sarai's Rai

About this update from Madinet Masr For Housing & Development

Staff WriterArab Finance: Madinet Masr for Housing and Development has signed a memorandum of understanding (MoU) with Forward Contractors to carry out construction works valued at EGP 1.45 billion within the Sarai development in East Cairo, as per a disclosure.The agreement covers the construction of 95 residential villas in the Rai phase of Sarai, with completion scheduled by the end of 2027.Under the agreement, Forward Contractors will be responsible for executing the construction works for the villas within the agreed timeline as part of the broader development of Sarai in East Cairo.The partnership supports Madinet Masr’s ongoing plans to deliver residential units, develop its land portfolio, and progress construction activities in line with approved urban development standards.© 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

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