5Feb
MIDAR, the master developer of Mostakbal City and MADA in East Cairo, has signed a memorandum of understanding with Saudi Arabia’s Sumou Holding, ADEER International, and Hassan Allam Properties, Invest-Gate reports. The strategic alliance will inject USD 2 bn into Egypt’s hospitality and leisure sectors, with projects planned along the Nile in Cairo or within MIDAR cities. This initiative aims to attract foreign currency, bolster the local economy, and position Egypt as a premier investment and tourism destination.