Midar launches first social sports club in Mostakbal City with EGP 3bn investment

12. tammikuuta 2026

Raportoinut AI

Midar for Investment and Urban Development, the master developer of Mostakbal City and MADA in New Cairo, has signed an agreement with Sporting for Investment and Sports Facilities (S.I.S.F), owned by Alexandria Sporting Club, to manage, operate, and market the first social sports club in Phase Three of Mostakbal City. This initiative forms part of broader urban development efforts in the area.

Midar for Investment and Urban Development announced the launch of the first social sports club in Mostakbal City, a new development in Egypt. The announcement came on January 11, 2026, backed by an investment of EGP 3 billion. As the master developer of Mostakbal City and the MADA project in New Cairo, Midar signed an agreement with Sporting for Investment and Sports Facilities (S.I.S.F), a company owned by Alexandria Sporting Club. The deal covers the management, operation, and marketing of the club located in Phase Three of the city. This club represents a step toward enhancing social sports facilities in emerging areas, promoting healthier and more integrated lifestyles. No further details on the project's scale or specific features were provided in the initial announcement.

Liittyvät artikkelit

Madinet Masr signs EGP 1.45bn MoU for Sarai construction works

Madinet Masr has signed a memorandum of understanding with Forward Contractors for construction works worth EGP 1.45bn at its Sarai development in East Cairo. The deal covers building 95 residential villas in the Rai project within Sarai, set for completion by the end of 2027. This partnership supports the company's strategy to expand residential options, develop its land assets, and speed up project delivery while following sustainable urban standards.

Madinet Masr posts record EGP 52.1bn sales in 2025

19. tammikuuta 2026 Raportoinut AI

Egyptian real estate developer Madinet Masr reported strong performance in 2025, achieving record new sales of approximately EGP 52.1 billion. The company sold 4,462 units during the year, while delivered units rose to 1,941 from 645 in 2024, a 201% year-on-year increase.

Urheilu

M squared extends sponsorship for fifth Saqqara half marathon

Urheilu

Egypt Golf Series 2026 launched with 13 tournaments and $750,000 prize pool

Afrikka

Egypt's housing ministry receives 6,863 applications to legalize land in New Sphinx City

Housing minister orders fast-tracked completion of New Capital's business district

Egypt's Minister of Housing, Utilities and Urban Communities Sherif El-Sherbiny held a meeting to review progress on the Central Business District project in the New Administrative Capital, stressing its strategic importance and ordering its completion in the shortest possible time while upholding the highest quality standards.

Suez Canal Economic Zone signs EGP 1bn deal for West Qantara factories

22. joulukuuta 2025 Raportoinut AI

The Suez Canal Economic Zone (SCZONE) signed a EGP 1 billion usufruct contract on Monday with the Main Development Company (MDC) to develop pre-built factories in the West Qantara industrial zone. The project covers a total area of 200,000 square metres to provide ready-to-operate facilities for investors, with completion scheduled within 36 months.

Afrikka