Prime Minister Mostafa Madbouly witnessed Thursday the signing of three memoranda of understanding between City Edge Developments and four multinational companies: Orascom's Contrack Watts, French ENGIE, Majid Al-Futtaim Group and The Fielding Group Ltd.

The MoUs aim to provide the best services in New Alamein City, in terms of management and maintenance of buildings.

In statements following the signings, Minister of Housing Assem El-Gazzar said the ministry is highly concerned with management and maintenance of real estate and high-quality projects.

This is why it has turned to partnership with important companies like City Edge Developments, to maintain the standard of projects and ensure provision of distinguished services, he noted.

The three MoUs are an active and positive step in implementing the vision of the state and the government for the future of society and the Egyptian citizen, City Edge Developments CEO Hassan Ghanem said.

Cooperation with multinational companies supports this vision, he added, underlining the need to share expertise and interests in all fields.