Madinet Masr, formerly known as Madinet Nasr for Housing and Development (MNHD), is a leading real estate developer in Egypt, established in 1959. The company has played a pivotal role in shaping Egypt’s urban landscape, notably through the development of Nasr City. In 2023, the company rebranded to Madinet Masr, reflecting its vision for future growth and expansion across Egypt.
Key Projects:
- Taj City: Spanning 3.8 million square meters, Taj City is strategically located near Heliopolis, Nasr City, and Cairo International Airport. This residential development offers a blend of modern living spaces and amenities, catering to diverse lifestyle needs.
- Sarai: Covering 5.5 million square meters, Sarai is situated on Cairo-Suez Road, close to the American University in Cairo and the New Administrative Capital. This comprehensive residential community features a variety of housing options, complemented by extensive facilities and green spaces.
- Zahw: Marking Madinet Masr’s expansion into Upper Egypt, Zahw is a mixed-use development in Assiut. Located near the city center and opposite Badr University, the project includes residential units, a commercial area, and a 20,000 square meter sports club.
Recent Developments:
- New Heliopolis Co-Development: In July 2024, Madinet Masr signed a partnership with Misr Al-Gadida for Housing and Development to co-develop a 491-feddan (approximately 2.06 million square meters) project in New Heliopolis City. The development will offer a variety of residential units, including luxury apartments, standalone villas, townhouses, and commercial projects, catering to the growing needs of the real estate market.
- Taj City Infrastructure Enhancement: In December 2024, Madinet Masr signed a Memorandum of Understanding (MoU) with ASEC Automation, a subsidiary of Qalaa Holdings, to construct the second phase of infrastructure and enhance the development plan for Taj City. This collaboration aims to accelerate construction progress and improve the quality of services provided within the project.
Strategic Vision:
Madinet Masr is committed to building large-scale communities in strategic locations across Egypt, focusing on innovation, sustainability, and uncompromising quality. The company’s rebranding reflects its ambition to expand beyond East Cairo and develop urban communities nationwide, contributing to Egypt’s real estate landscape and meeting the housing needs of millions of Egyptians.
