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Emaar Launches Mivida Community in Egypt
DUBAI - Emaar Misr for Development SAE, the wholly owned subsidiary of Emaar Properties PJSC has launched the EGP 5.75 billion Mivida community, a world-class, elegantly designed development in New Cairo City, said a Press release on Wednesday.
Mivida is Emaar Misr’s third integrated project in Egypt following Uptown Cairo and Marassi, both of them currently being developed on schedule.
Sameh Muhtadi, Chief Executive Officer, Emaar Misr for Development SAE, said: “The launch of Mivida underscores our long-term commitment and confidence in the real estate market in Egypt. We strongly believe that the fundamentals of the market are robust and continue to present an attractive investment opportunity for both the local and the international markets. By offering world-class, well-designed units that suit smaller families, we are offering customers who value quality homes in an integrated community with several lifestyle amenities.”
“The construction of the Business Park and other infrastructure work is already underway, and master-planning has been completed. Mivida will add to Emaar Misr’s commitment to support Egypt’s socio-economic growth by creating several hundred job opportunities” he added.
aneela@khaleejtimes.com
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