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

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.

Mga Kaugnay na Artikulo

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.

Iniulat ng AI

Banque Misr has signed a medium-term loan agreement with MARAKEZ, one of Egypt's leading mixed-use real estate developers, offering a credit facility of up to EGP 3bn. The deal aims to bolster the company's operations and improve overall efficiency. It was signed in the presence of senior officials from both sides.

Harby Group has begun construction on its latest residential project, Seven Residence, in October Gardens, after securing ministerial approvals and implementing a payment plan tied to construction progress. The development covers about 52 feddans, with only 25% allocated to built-up areas and the rest dedicated to green spaces and amenities.

Iniulat ng AI

Housing Minister Sherif El-Sherbiny announced an investment of EGP 4.7bn in 70 infrastructure and service projects across Atfih and Al-Saff districts in Giza Governorate, as part of the presidential Decent Life (Haya Karima) initiative. Prime Minister Mostafa Madbouly, accompanied by senior officials, toured sites on Tuesday to monitor progress in water, sewage, and healthcare developments.

 

 

 

Gumagamit ng cookies ang website na ito

Gumagamit kami ng cookies para sa analytics upang mapabuti ang aming site. Basahin ang aming patakaran sa privacy para sa higit pang impormasyon.
Tanggihan