MNHD obtains land plot adjacent to Taj City in a land swap agreement

Madinet Nasr Housing and Development (MNHD) reached an agreement with the Armed Forces Land Projects Agency to swap 93.5k sqm it owns in Nasr City for another plot 53k sqm plot adjacent to the company’s Taj City project, according to a regulatory filing (pdf). The company is considering adding a new phase to the project after the swap.