HDP breaks ground on EGP 2.5bn Talda project in Mostakbal City

Housing and Development Properties (HDP), the real estate arm of the Housing and Development Bank (HDB), has signed a construction contract with El Hazek Construction to begin work on its flagship residential project, Talda, in Mostakbal City, New Cairo. The development represents a total investment of EGP 2.5bn.

HDP aims to deliver the residential units within 24 months, reflecting its solid financial position and commitment to meeting customer expectations. The Talda project reinforces HDP’s growing status as a leading real estate developer in Egypt and the wider Middle East.

The signing ceremony was attended by Amgad Hassanein, Vice Chairman of HDP; Mahmoud El Hazek, CEO of El Hazek Construction; Hossam Eissa, CEO of HDP; and Mohamed Said, General Manager of El Hazek Construction.

Hassanein emphasized that the partnership with El Hazek is intended to ensure a high-quality, modern residential product built to top-tier standards. He noted that the collaboration supports HDP’s long-term vision to become one of the region’s largest real estate developers, offering premium developments to both local and regional markets.