MIDAR accelerates construction schedules in Mostakbal City, introduces penalties for delays

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MIDAR has accelerated construction schedules for projects in Mostakbal City and MADA in New Cairo. Developers that miss agreed deadlines will face contractual guarantees and financial penalties.

MIDAR for Investment and Urban Development has introduced revised and accelerated construction schedules for projects across Mostakbal City in New Cairo, alongside contractual guarantees and financial penalties for developers failing to meet agreed deadlines. The company, master developer of Mostakbal City and MADA in New Cairo, said the measures follow agreements with developers operating in […]