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Egypt's MNHD signs MoU with CONSTEC for construction of Sarai projects

Contract value for the construction of two new projects in Sarai worth more than half a billion Egyptian pounds ($16mln).
20.02.23 | Source: Zawya

Egyptian developer Madinet Nasr for Housing and Development announced on Sunday the signing of a Memorandum of Understanding (MoU) with CONSTEC Construction and Design to carry out construction works for The Arena Mall and Cavana projects located within the Sarai mixed-use development in New Cairo.


The contract value is worth more than half a billion Egyptian pounds ($16 million), MNHD said in a stock exchange statement. 


The Arena Mall, a commercial project with a built-up area (BUA) of approximately 8,000 square metres, is expected to be delivered within 12 months from ground-breaking, while same for Cavana, a 215-villa residential project with BUA of approximately 5,500 sqm, is 20 months upon ground-breaking.

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