Minka Investment intends to implement an integrated residential project within Taj City development by Madinet Nasr for Housing & Development (MNHD) in east Cairo, with investments worth EGP 3bn.
MNHD signed a contract to sell 114,540 sqm of land within the Taj City project in New Cairo City at EGP1.145bn to Minka Investment.
Minka’s new project will be a new and unique offering to the Egyptian market. Built on an area of 115,000 sqm within Taj City, one of New Cairo’s most prominent master developments. The project will garner investments worth over EGP 3bn and will be home to more than 1000 families, according to CEO Abdallah Sallam.
He told Daily News Egypt that Minka’s new comprehensive residential compound is designed by SVN, a renowned Canadian urban planning and architecture firm. The design concept of the new project is based on Canadian values of sustainability, diversity, and inclusivity through a community that prioritises connectivity and safety, while maximising local building materials, building orientation, and greenery solutions.
Sallam stressed that the new project, which will be announced soon, will focus on notions of livability above everything else and will be the first true adaptation of Canadian lifestyle.
He pointed out that this new development will be Minka Investment’s second project within Taj City, after the THE HOFT with a total investment of EGP 500m.
He further noted that THE HOFT is on a 3,400 sqm piece of multi-purpose land in Taj City, and is a mixed-use project comprising commercial, residential, and administrative units fledged on six floors with a total built up area of around 15,000 sqm.
Moreover, the company is developing a very exclusive English styled complex of stacked townhouses named Kensington.
The company has also innovated a serviced-apartment project dubbed Cairoom, he said, elaborating that it offers a network of fully furnished and serviced apartments of different sizes inside different real estate developments in Egypt.
