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MAF, Midar ink USD 3.1 bn+ Mada City partnership
The revenue-sharing project could lift its total development value beyond USD 4 bn once a planned shopping and entertainment destination…
Foreign reserves jump to USD 51.5 bn in December
PLUS- Turkey’s AS Tekstil signed a USD 4.1 mn contract to establish a production facility in Qantara
Midar in takeover talks with Saudi investor Sumou
Sumou announced in September it plans to invest SAR 2 bn in Egypt in the next five years
Midar and Sodic to develop EGP 110 bn wellness-focused project in New Cairo
Sodic will develop a 500-feddan plot under a revenue-sharing model
Hassan Allam Properties, Midar partner with Saudi’s Sumou for Cairo hotel and entertainment projects totalling USD 2 bn
The investment targets hospitality and leisure projects
China’s Dayun wants to start locally assembling passenger EVs, trucks, and light transport vehicles. PLUS: Midar, Cairo 3A, Raya CX
The company’s expansion plans involve establishing new production lines and expanding the percentage of local components used
What’s happening with Midar?
Midar was established in 2006 to develop the 11k-feddan Mostakbal City project