Sunday 22 Dec
Midar for Investment and Urban Development is actively pursuing partnerships with both local and regional developers to bring new projects to life," stated Ayman Al-Qoussy, the company's CEO and Managing Director.
During a CNBC interview, Al-Qoussy announced ambitious expansion plans, reflecting a forward-looking vision. These plans involve significant increases in investment across new projects, both domestically and internationally.
Al-Qoussy highlighted that Midar
owns a substantial land portfolio of 46 million square meters, strategically
located in Mostakbal City and Mada. Investments in Mostakbal City have already
reached $7 billion, while the company plans to invest a further $14 billion in
Mada City.
To effectively support its projects, Midar has established a group of specialized service companies. These include CIRCUIT, responsible for managing electricity distribution and maintaining power stations; WAYZ, dedicated to developing a sustainable and environmentally friendly transportation system; and CTRL, focused on managing city facilities.
