22Jul
Midar Signs Agreement with Adeer International to Develop Boulevard Project in Mostakbal City with Investments Exceeding EGP 70 bn
  • 22 July ,2025

Midar for Investment and Urban Development, the master developer of Mostakbal City and MADA City in East Cairo, has announced the signing of a strategic revenue-sharing partnership with Adeer International, a subsidiary of Saudi-based Sumou Holding, Invest-Gate reports.

The agreement aims to develop an integrated, mixed-use urban project spanning over 500,000 sqm in Mostakbal City, with total investments exceeding EGP 70 bn.

This milestone partnership underscores the depth of Egyptian-Saudi economic relations and marks a significant addition to Egypt’s real estate development sector.

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