Founded in 1959 as a public company, Madinat Nasr for Housing and Development established itself as a pioneer in the development of modern Cairo. MNHD developed the majority of Nasr City district, which covers an area of over 40 million sqm and is home to around 3 million inhabitants. Today, MNHD remains an essential pillar of this thriving community, even as management pursues a process of transformation that builds on this distinctive heritage and leads MNHD into a new and exciting era.
In December 2006, Beltone Private Equity acquired 30.88% of MNHD. The acquisition was accompanied by a far-reaching reformation of the company’s operations.
The turnaround strategy is focused on unlocking the value of MNHD’s 10 million sqm sellable land bank through the execution of visionary development projects that re-invent suburban living. With undisputed ownership and no legal disputes or time restraints for development, this extensive land guarantees the company’s resilience in even the most unfavorable economic conditions.
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