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[BUSINESS] · Egypt · 3 sources

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Madinet Masr launches Etage project in Taj City with 6.6 billion EGP sales target

Madinet Masr has announced the launch of ‘Etage’, its latest mixed-use residential project located within Taj City in New Cairo. The development occupies the final plot of land designated for residential projects within the Taj City master plan. The company has set a target sales value of approximately 6.6 billion Egyptian pounds for the project.

Spanning roughly 26.4 acres, Etage will consist of 20 residential buildings containing approximately 600 units. These units range from one-bedroom to three-bedroom apartments, with floor areas between 37 and 133 square meters. The project is designed to feature integrated green spaces, water elements, and a 450-meter green walkway to facilitate social interaction and outdoor activities.

Abdullah Salam, CEO and Managing Director of Madinet Masr, stated that the launch represents a significant milestone in the development of Taj City, offering diverse residential options and efficient planning. The company aims to complete construction of the project within four years. The site’s location directly on the Ring Road provides residents with direct connectivity to major hubs in Greater Cairo.

Entities

Abdullah Salam · Madinet Masr · New Cairo · Taj City