Madinet Nasr for Housing & Development (MNHD)
Top 50 Real Estate Developers in MENA 2021

Madinet Nasr for Housing & Development (MNHD)

Rank: 38

Country: Egypt

CEO: Abdallah Sallam

Date of establishment: 1959

MNHD was initially established to develop 40 million square meters of land in Nasr City, which is home to three million people. In October 2021, MNHD announced that it had acquired MINKA Developments from the Sallam family. The Sallam family will own 5% of MNHD when the transaction is finalized, becoming its third largest shareholder after BPE Partners’ Managed Funds (29%), and the National Company for Construction and Development (15%).