Madina Misr, an Egyptian company, has announced the awarding of new construction contracts for its Origami project in Tag City to specialized contractors, totaling approximately 1.38 billion EGP. This move is part of the company's ongoing construction program, reflecting its continued progress in implementing its development plans according to targeted timelines. The project is one of the company's main ventures, showcasing its commitment to expanding its real estate portfolio.
The Origami project features a variety of villas, twin units, and townhouses with areas ranging from 152 to 606 square meters, offering diverse options for clients seeking residential units with different sizes and designs. The total built-up area of the buildings included in the awarded contracts is approximately 78,760 square meters, distributed across 271 buildings within the project. This aligns with Madina Misr's goal of providing a range of housing solutions.
The project's design inspiration comes from traditional Japanese culture, specifically the art of origami, characterized by modern white architecture that combines clear lines and simple shapes, creating a distinctive and contemporary identity. This unique design approach sets the project apart and reflects Madina Misr's focus on innovative and high-quality developments.
According to Abdullah Salam, CEO and Managing Director of Madina Misr, the awarding of these construction contracts demonstrates the company's continued progress in executing its development plans and its commitment to maintaining discipline in project implementation. The company works with specialized contractors to ensure projects are executed efficiently and according to the highest quality standards.
Madina Misr aims to award construction contracts worth around 18 billion EGP by 2026, with approximately 9.8 billion EGP already awarded to date. This progress underscores the company's commitment to its development plans and its strategy to support sustainable growth and maximize the value of its real estate portfolio.
The Origami project contributes to enhancing Tag City's status as an integrated urban destination developed by Madina Misr, offering a variety of residential products. Through its continued implementation of development plans, Madina Misr seeks to support sustainable growth, increase the value of its real estate portfolio, and provide distinctive and diverse real estate products to the Egyptian market.
The company remains focused on advancing construction works according to planned timelines, ensuring that projects meet the required standards of quality and are delivered efficiently. With its ongoing efforts, Madina Misr is poised to make a significant impact on Egypt's real estate sector, offering innovative and high-quality solutions for residential and commercial needs.
Key points
- Madina Misr awards 1.38 billion EGP in construction contracts for Origami project.
- The project features diverse residential units with areas ranging from 152 to 606 square meters.
- Madina Misr aims to award 18 billion EGP in construction contracts by 2026.
