MMD Development has unveiled its current real estate projects, which include 20 plots in the “Bait Al-Watan, Lotus, Al-Narges, and North House” areas of New Cairo.
According to Mohamed Mounir, Chairman of the Board, the company is pursuing an ambitious plan to double its project portfolio this year, targeting an additional 20 plots. The company is also exploring opportunities in several cities, including the New Administrative Capital, New Cairo, New Heliopolis, 6th of October, and Sheikh Zayed.
Strategic Expansion and Market Adaptation
Mounir emphasized that the company’s expansion strategy considers market dynamics and aims to diversify its project portfolio across different locations. The proximity of these new projects to both the New Administrative Capital and New Cairo highlights their strategic importance.
Ongoing Projects and Timely Delivery
Mohamed Massad, Vice Chairman, reported that seven projects are currently underway and are scheduled for delivery starting December 2024. He noted that meeting delivery deadlines demonstrates the company’s strong expertise and financial stability.
Market Outlook and Customer Confidence
Massad anticipates a robust and active real estate market, driven by ongoing genuine demand and increased interest due to government employee relocations to the New Administrative Capital. This trend is expected to boost customer and investor engagement in East Cairo in the coming year.
Commitment to Innovation and Excellence
Mohamed Hamdy, CEO of MMD Development, highlighted that customer trust has been crucial in supporting the company’s expansion plans. With nearly 15 years of experience in the real estate sector, Hamdy emphasized the company’s commitment to innovative and smart project execution. MMD Development aims to align with the New Republic’s vision set forth by President Abdel Fattah El-Sisi by focusing on detailed and unique designs, fast execution, and early delivery.
A Leader in Real Estate Development
Over the past fifteen years, MMD Development has established itself as a leading real estate developer in Egypt, particularly in New Cairo. The company is dedicated to modern real estate concepts through smart design and professional vision, contributing to new trends in the Egyptian real estate market.
