Ayman ElKousey, MIDAR Managing Director and CEO, said that this step is a continuation of the major successes achieved by the company over the past period, as one of the first companies that applied the concept of the master developer“cities developer”, which prompted New Cairo area to become a point of attraction for leading real estate developers in Egypt and abroad with their different specializations. He affirmed that the company's broad activities and its achievement of major growth rates were the nucleus to build on what was accomplished in this domain. He revealed that MIDAR obtained the required security approvals for establishing the first police station at Mostakbal City, providing a firing platform, and rapid intervention vehicle, promoting security system and civil protection besides educational, medical, commercial, administrative, entertainment, international hotels facilities, banking services, gasoline stations, and other vital facilities. It has contracts with Hassan Allam Properties, Tatweer Misr, Al-Ahly Sabbour for Real Estate Development, Misr Italia, Arab Developers Holding, Wadi Degla Developments, Maxim for Investment, and Arab Contractors, with the objective of developing residential projects of areas surpassing 100 feddan. The city also embraces other residential projects that are implemented in an area of not less than 100 feddan that are developed by Ardic Developments, Beta Egypt for Urban Development, Grand Plaza for Real Estate and Tourism Investment, and Housing and Development Properties, affiliated to the Housing and Development Bank.
