Majid Al Futtaim Holding CEO Ahmed Galal Ismail expressed appreciation for Egypt’s efforts to expand investment opportunities, develop modern infrastructure, and strengthen the role of the private sector under Egypt Vision 2030.
Speaking during the signing of a strategic partnership between Majid Al Futtaim and Midar for Investment and Urban Development, Ismail said the company has been one of the largest investors in Egypt for nearly three decades.
He noted that the group has invested more than $2.8 billion in the Egyptian market, contributing to projects across retail, e-commerce, entertainment, and commercial sectors in 19 governorates. These investments have also supported more than 226,000 direct and indirect jobs.
Ismail announced the launch of the company’s largest project in Egypt, an integrated mixed-use development within Midar City in New Cairo. The project will cover more than 553 feddans and involve investments exceeding $3 billion.
He added that the project reflects the company’s confidence in the Egyptian market and is being developed in partnership with Midar, which has built a strong track record in integrated urban development and strategic partnerships.
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