Sunday 22 Dec

Real estate

Madinet Masr signs new contracts with Redcon for Sarai Project


Madinet Masr signs new contracts with Redcon for Sarai Project

Madinet Masr has signed new construction contracts with Redcon Spain, a leading construction company, to accelerate the pace Madinet Masr has partnered with Redcon Spain, a leading construction firm, to expedite the Sarai project. Under the agreement, Redcon Spain will construct Z Villa within the East Wave project at Sarai. This 600 million Egyptian pound project is slated for completion by 2025.

Engineer Abdallah Salam, CEO of Madinet Masr, stated that the company's strong economic performance has fueled their desire to expand and diversify partnerships with leading firms.

Engineer Tarek El-Gamal, Chairman of Redcon Spain, highlighted the significance of this collaboration in advancing urban development in Egypt, leveraging the combined expertise of both companies.