Madinet Nasr Housing has signed a memorandum of understanding with the Construction & Design Company “Constec”, for the latter to take on construction work in MNHD’s “Saray” project.
The construction work includes a commercial mall project & a residential project, with both projects costing more than half a billion Egyptian pounds.
MNHD wants to utilize its land portfolio in the “Saray” project, one of the company’s largest projects, to the max.
Construction work for the mall is expected to be 12 months, while the residential project could take 20 months from the start date.
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