With the participation of Global Appraisal Tech (GAT) in the valuation of land assets, Majid Al Futtaim and Midar announce the launch of Mada City, a landmark mixed-use development in Egypt


December 2025

Global Appraisal Tech (GAT), a leading valuation firm regulated by the Royal Institution of Chartered Surveyors (RICS) and licensed by both the Central Bank of Egypt and the Financial Regulatory Authority, announces its role in the valuation of land assets for a major real estate development project launched through a strategic partnership between Majid Al Futtaim and Midar for Investment and Urban Development.

The partnership agreement was signed in the presence of H.E. Prime Minister Dr. Mostafa Madbouly and represents one of the largest real estate investments currently being developed in Egypt. The project will be implemented within Mada City in New Cairo across approximately 553 feddans, with an initial development value of USD 3.1 billion and a diversified portfolio of residential, commercial, hospitality, business, and entertainment components.

GAT's mandate involved conducting a comprehensive valuation of the project's land assets, including assessing development potential, reviewing approved land-use designations, and determining fair market values in accordance with internationally recognized valuation standards and market benchmarks. The scope of work also included the preparation of detailed valuation reports designed to support investment structuring, strategic planning, and informed decision-making.

The development is expected to include approximately 6,000 residential units alongside integrated commercial and lifestyle destinations, contributing to the creation of a fully integrated urban community that supports Egypt's long-term urban development objectives and enhances the attractiveness of its real estate sector.

This assignment reflects GAT's continued role in delivering professional valuation services for large-scale and complex developments, reinforcing the importance of accurate and transparent valuations in supporting investment decisions, asset optimization, and sustainable economic growth.



About Global Appraisal Tech (GAT):

Global Appraisal Tech (GAT) is a leading valuation firm registered with the Royal Institution of Chartered Surveyors (RICS) and certified by the Central Bank of Egypt and the Financial Regulatory Authority. GAT provides accurate, transparent, and internationally compliant valuation services that support strategic investment decisions and contribute to sustainable national economic development across multiple sectors.