North Coast

Monterra Developments has entered Egypt’s real estate market through an Egyptian-Russian partnership, launching its first project, Monterra Bay, on the North Coast with investments estimated at EGP 25bn. CEO Mohamed Maamoun said the partnership combines financial investment with technical expertise. The project spans 55 feddans with around 1,440 residential units.

March 17, 2026 由 AI 报道

Egyptian real estate developer M squared has awarded a EGP 1bn construction contract to REDCON Construction for 59 residential buildings at its Masyaf Ras El Hekma project on the North Coast. The 18-month contract covers delivery of 376 residential units. This marks the first collaboration between the two firms.