Marseilia Almasreia Alkhalegeya Real Estate Investment signed a contract with Saudi Arabia’s Elaj Medical Services Company to operate the largest international medical centre in the North Coast.
Covering an area of five feddans, the new medical centre will be established inside Cascadia, located in the heart of Sidi Abdel Rahman in the North Coast, which will be launched in August, the company’s assistant chairman for commercial affairs Maisara Ahmed told Mubasher.
Under the deal, the new project will be built on a land owned by Marseilia, while Elaj Medical Services Company will be operating and managing the new medical centre as well as providing medical equipment and supplies, Ahmed added.
It is noteworthy that Cascadia project, spanning over 40 feddans, will feature between 1,750 and 2,000 residential units, a four-star hotel, and a shopping mall.
Since the beginning of 2019, the real estate company has achieved sales of EGP 900 million, Ahmed revealed.