Madinet Masr Signs Strategic Partnership with GTCI Madinet Masr (EGX code: MASR.CA), one of Egypt’s leading real estate developers, announced the signing of a strategic partnership with GTCI Constructors for Energy & Infrastructure Projects S.A.E., one of Al Tawakol Group of companies with a total value exceeding EGP 263 million. The partnership focuses on enhancing the infrastructure of Taj City, the company’s flagship mixed-use development in New Cairo.

This collaboration highlights Madinet Masr’s unwavering commitment to delivering high-quality infrastructure, accelerating construction progress, and fostering strategic alliances with key players in the Egyptian market. It also reinforces the company’s dedication to creating sustainable real estate projects that contribute to the growth of the real estate sector, align with Egypt’s urban development goals, and support Egypt’s Vision 2030.
The agreement was attended by Eng. Abdallah Sallam, President and CEO of Madinet Masr, Eng. Mohamed Lashin, Senior Vice President of Projects at Madinet Masr, Mr. Mohamed Tawakol, Chairman of GTCI, Mr. Sameh H. Gemei, CEO of GTCI, Eng. Mohtady Ibrahim, VP Operations Power & Infrastructure, Mr. Ahmed Zaki, Business Development Manager along with senior officials from both entities.
Under this strategic agreement, GTCI will expand water and irrigation tanks in Taj City, adhering to the highest standards, with constructions expected to be completed in 2025. Through this partnership, Madinet Masr aims to advance its future expansion plans, ensuring a strong market presence and reinforcing its position as a leader in Egypt’s real estate industry.
Commenting on the partnership, Eng. Abdallah Sallam, President and CEO of Madinet Masr stated: “Strategic partnerships form a cornerstone of our ambitious vision to develop integrated urban communities that not only meet but exceed our customer expectations. We are dedicated to strengthening our collaborations with trusted, leading companies to deliver added value to the Egyptian real estate market while sustaining the economic growth of Madinet Masr.” Sallam further emphasized: ” We have full confidence in GTCI’s Constructors expertise to elevate the advanced infrastructure of our flagship project, Taj City. Together, we aim to deliver top-tier services that adhere to the highest standards of quality and efficiency.”
From his side, Mr. Mohamed Tawakol, Chairman of GTCI, highlighted the strategic importance of the partnership in strengthening the position of both companies in the Egyptian market. He remarked “We are excited to join forces with Madinet Masr, which aligns with our continuous efforts to advance the infrastructure business of our portfolio.”
Mr. Sameh H. Gemei, CEO of GTCI added we are keen to extend cooperation in various fields to reach sustainable solutions in the Infrastructure and Power sectors. “This partnership will enhance our capabilities and expand our operations in the Egyptian market. By collaborating with Madinet Masr, a renowned developer in the Egyptian real estate sector, we are committed to achieving our shared vision of developing Taj City’s infrastructure to the highest international standards of quality and excellence.”
For his part, Eng. Mohamed Lashin, Senior Vice President of Projects at Madinet Masr, added: ” Our strategic partnership with GTCI is a pivotal step toward achieving our shared vision of building sustainable communities in line with Egypt Vision 2030. By applying the latest technologies in water and irrigation and creating expansive green spaces, we are accelerating progress and ensuring exceptional value to our customers at Taj City. This commitment to sustainability and quality not only enriches the real estate sector but also strengthens the national economy.”
With its strategic location in New Cairo on the ring road, Taj City is within close proximity of Cairo International Airport, and minutes away from East Cairo, Downtown, and Heliopolis. Developed over 3.6 million square meters, the project seamlessly blends attractive residential complex designs with best-in-class facilities, innovative shopping concepts, a modern lifestyle, and a spectacular green landscape.