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Cairo, Egypt - Sept 16th 2022: High Angle view of Downtown Cairo during rush hour with cars in traffic jams on highways as commuters try to get home after work. Scene of dense traffic stood still on bridges in the Egyptian capital. Traffic continues to be a city problem including pollution and climate change.
Egypt - Madinet Masr has launched its new residential project, The Butterfly, in Mostakbal City via its signature community Minka, with sales of up to EGP 64 billion, as per a press release.
Established on a 187-feddan area, the project comprises luxurious residential units, including independent villas, S-villas, townhouses, and a commercial area.
The project is part Madinet Masr’s plan to expand its business and diversify its land portfolio, the company’s CEO Abdallah Sallam said.
It is worth noting that Madinet Masr reported a 150.64% year-on-year (YoY) increase in consolidated profits attributable to the parent company during the first half (H1) of 2024.
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