Madinet Masr Development

Madinet Masr Development Company Guide

Madinet Masr Development Company is one of the most prominent and deeply rooted economic entities in the real estate investment sector across Egypt and the Middle East. Beyond constructing traditional residential complexes, this giant entity directly contributed to shaping the urban features of modern Cairo by introducing innovative residential and commercial concepts driven by technological advancement to meet the aspirations of investors and clients.

Foundation Story and Strategic Rebranding

The company was established in 1959 as a government-owned enterprise under the name "Madinet Nasr for Housing and Development," with the core objective of planning and developing the entire Madinet Nasr district, which later became one of the capital's largest vital neighborhoods. In 1995, a major step was taken by listing the company’s shares on the Egyptian Stock Exchange, enhancing its competitiveness and attracting investment capital.

In 2023, the management announced a comprehensive strategic transformation, rebranding the company to Madinet Masr Development. This move reflects its new expansionist vision aimed at moving beyond East Cairo to develop integrated urban communities across various Egyptian governorates, including West Cairo and Upper Egypt, while maintaining its decades-old core values of transparency and commitment.

Administrative Structure: Who is the Owner of Madinet Masr?

The company is managed by a board of directors that includes elite competencies and specialized expertise in investment, engineering, and financial management. The core leadership and executive structure consists of:

• Chairman of the Board: Mr. Mohamed Hazem Adel Mohamed Fathallah Barakat, who leads the board in drafting the company’s future plans and direction.

• Managing Director: Mr. Ahmed Ali Ibrahim El Hitamy, responsible for developing overall institutional performance.

• Chief Executive Officer (CEO): Mr. Mohamed Abdallah Salam, who leads the digital transformation and modern geographical expansion operations.

The executive leadership team also includes prominent names such as Ms. Nadia Afifi (Head of Projects), Ramy Heikal (Chief Operating Officer), Shady Sherif (Chief Strategy Officer), and Dr. Rania Alwani.

Headquarters: Address of Madinet Masr for Housing and Development

The company has ensured direct and highly accessible communication channels for clients and investors, with its main headquarters located in a vital spot in the capital:

• Main Headquarters: 4 Youssef Abbas Street, Nasr City, Cairo, Egypt.

Additionally, the company operates a network of sales branches and customer service centers distributed across its major projects in East Cairo and new cities.

Competitive Advantages of Madinet Masr

• Experience and Reliability: A history spanning over 65 years ensures investment stability and contractual safety.

• Commitment to Timelines: Delivering residential and commercial units on the specified dates and agreed engineering specifications.

• Technological Solutions (PropTech): Launching innovative solutions via Madinet Masr Innovation Labs, such as the SAFE platform for fractional real estate investment, and the "Thiqah" warranty certificate to alleviate maintenance and operating burdens for buyers.

• Financial Facilities: Offering flexible payment plans extending for many years with 0% down payment to suit different financing capabilities.

Urban and Historical Legacy in the Capital

Before moving into modern launches, the company’s historical role in shaping Cairo's urban infrastructure during the last century stands out through:

• Full planning and development of the Nasr City and El Abbasiya neighborhoods.

• Construction of the Unknown Soldier Memorial.

• Planning and development of major vital streets like Abbas El Akkad and the Embassies District.

• Establishing and building the Nasr City Sporting Club.

Comprehensive Guide to Madinet Masr Projects

The company's real estate portfolio varies to include residential communities, commercial hubs, and administrative/hospitality buildings:

1-Sarai New Cairo Compound:

One of the largest integrated urban communities in East Cairo, spanning a massive area of approximately 5.5 million square meters.

• It is strategically located directly on the Cairo-Suez Road, close to the New Administrative Capital and Mostakbal City. 
• It features vast landscapes and artificial lakes (Crystal Lagoons). The company offers flexible packages starting with 0% down payment and payment periods up to 10 years interest-free.

2. Taj City New Cairo Compound:

A milestone for Madinet Masr, spanning over 1,000 acres in a strategic location directly in front of Cairo International Airport on the Ring Road, connecting Heliopolis and the Fifth Settlement.

3. Other Residential, Commercial, and Regional Projects:

• Taj Sultan: The successful and completed first phase within the Taj City project, spanning 300,000 square meters.

• Club Side Taj City: A modern residential phase inside Taj City, featuring direct views of green spaces and sports facilities.

• The Butterfly Mostakbal City: A residential community dedicated to luxury villas and townhouses, focusing on modern designs and open spaces in the heart of Mostakbal City.

• Pano Home Mostakbal City: A modern residential launch aiming to provide advanced units relying on smart infrastructure.

• Cavana Lake & Cavana Springs: Premium residential phases for standalone villas within Sarai Compound, featuring direct waterfront and lake views.

• The Hoft New Cairo: An innovative commercial, administrative, and hospitality project located in a vital East Cairo location to serve the business and investor sector.

• Talala New Heliopolis: An integrated residential compound located in the New Heliopolis area, providing diverse housing options.

• Primera Compound: A residential project characterized by efficient architectural design utilizing spaces accurately, achieving high sales rates.

• Park Residence & Kinda New Cairo: Modern residential projects designed to provide a quiet living environment integrated with nature and green spaces.

• Zaho Assiut Compound: Represents the company’s first step into regional expansion outside Greater Cairo, located in New Assiut City in Upper Egypt to deliver upscale urban communities that meet the demands of the company's new geographical scope.