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Monterra Developments launches EGP 25bn Monterra Bay in Egyptian-Russian partnership
May 3, 2026
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Monterra Developments has entered Egypt’s real estate market through an Egyptian-Russian partnership, launching its first project, Monterra Bay, on the North Coast with investments estimated at EGP 25bn. CEO Mohamed Maamoun said the partnership combines financial investment with technical expertise, reflecting broader economic ties between Egypt and Russia.
He noted that Russian investor involvement signals [] The post Monterra Developments launches EGP 25bn Monterra Bay in Egyptian-Russian partnership first appeared on Dailynewsegypt.
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