Madinet Nasr Housing is considering starting new projects in 2023 by buying land in West Cairo.
The company has received a lot of interest in its proposed “SAFE” investment product, which makes up 20% of the land allocated for the project.
CEO Abdallah Sallam believes the company’s current market value doesn’t reflect its true value, as they own 5 million square meters of land they haven’t fully used yet.
The goal of these projects is to offer both homes & other real estates for sale to improve the company’s financial performance.
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