Madinet Masr and Korra Energi Partner to Accelerate Taj City Development with Over EGP 480 Million Investment
Madinet Masr (EGX: MASR.CA), one of Egypt’s top real estate developers, has entered into a strategic partnership with Korra Energi, a leading company in construction and energy solutions. The collaboration, with investments exceeding EGP 480 million, aims to fast-track construction at Taj City, Madinet Masr’s flagship mixed-use development in New Cairo. This agreement highlights the company’s commitment to delivering projects on time while reinforcing its leadership in the Egyptian real estate market
The Memorandum of Understanding (MoU) was signed by Eng. Abdallah Sallam, President and CEO of Madinet Masr, alongside Eng. Ayman Korra, President and CEO of Korra Energi, and Vice President Eng. Heba Korra, in the presence of senior representatives from both companies. Under the agreement, Korra Energi will oversee the construction of a cutting-edge showroom in Tajed within Taj City. The project is set for completion in 2025, adhering to global quality standards to ensure maximum comfort and luxury for residents
Driving Growth Through Collaboration
Eng. Abdallah Sallam commented on the partnership, stating: “At Madinet Masr, we firmly believe that strategic collaborations drive innovation and sustainable growth. This partnership with Korra Energi reflects our dedication to delivering value to our projects and customers while aligning with Egypt’s Vision 2030. Together, we aim to redefine excellence in real estate development”
Eng. Ayman Korra, President and CEO of Korra Energi, expressed pride in the partnership, saying: “We are thrilled to join forces with Madinet Masr, a pioneer in Egypt’s real estate sector. Our shared vision of a sustainable future drives us to leverage advanced construction technologies and maintain international standards throughout the project”
Commitment to Quality and Timely Delivery
Eng. Mohamed Lashin, Senior Vice President of Projects at Madinet Masr, added: “This collaboration ensures accelerated progress for Taj City, one of our landmark projects. By combining our real estate expertise with Korra Energi’s construction capabilities, we are confident in delivering a community that embodies quality, innovation, and sustainability”
Eng. Heba Korra, Vice President of Korra Energi, echoed this sentiment, stating: “This partnership reinforces our commitment to developing innovative solutions that elevate the real estate sector in Egypt. Taj City is set to redefine residential experiences with its unique blend of quality, design, and lifestyle features, establishing a new standard in the market”
About Taj City
Located in New Cairo, Taj City spans 3.5 million square meters and is a testament to Madinet Masr’s six-decade legacy of excellence. Strategically positioned near the ring road and Cairo International Airport, the development is minutes away from East Cairo, Downtown, and Heliopolis. Taj City combines modern architectural designs with expansive green landscapes, state-of-the-art facilities, and a vibrant lifestyle offering, all while reflecting the rich cultural heritage and warmth of Egyptian traditions
تعليقات
إرسال تعليق