The Clap
Madinet Nasr (MNHD) has ambitious plans for its future based on a strategy that extends to 2032 and plans to expand outside Cairo.
The Deets
Madinet Nasr is studying the development of a long-term strategy that aims to determine the size of targeted revenues annually and the lands that must be developed in order to reach these revenues.
The company is also thinking of expanding the lands it owns outside Cairo, acquiring new lands, and the investment opportunities available in areas like the North Coast.
The company added that it won’t close the doors on different types of financing.
Need to Know
SODIC said that it is no longer interested in acquiring Madinet Nasr, after the latter rejected the offer presented to it.
