MG Developments launched the first phase of its Headquarters (HQ) project in Teseen street with EGP 1bn worth pf investments, according to MG Chairperson Mohammed Metawee’.
Metawee’ said the company has begun construction work, noting that it will be the company’s first commercial and administrative project.
“The new HQ project will be a turning point for our group because of its distinctive location in the Fifth Settlement, New Cairo,” Metawee’ noted.
He pointed out that the HQ is part of the company’s plan to diversify its activities in its land bank as well as enter new sectors. The project will be equipped with the latest technology and public services, featuring high specifications and modern designs.
MG developments was established in Egypt in 1998 and is specialised in real estate investment, touristic development, and construction. The company’s projects include Life Home; Sky View; Sky View Premier; Headquarters Business; La Vida and Blue Blue.