City Edge Developments Signs MoU with Modon Misr for Facility Management in New Alamein
City Edge Developments has signed a Memorandum of Understanding (MoU) with Modon Misr Asset and Facilities Management to provide integrated facility management and security services across several of City Edge’s developments in New Alamein City. The partnership aims to enhance operational efficiency and elevate service standards for residents and clients.
The MoU was signed by Eng. Tamer Nasser, CEO of City Edge Developments, and Eng. Mohamed Mahmoud Abou Taleb, CEO of Modon Misr Asset and Facilities Management, as part of both companies' strategy to establish a strategic alliance delivering specialized asset and facility operation solutions.
Integrated Management for Mazarine Apartments
The initial phase of the collaboration covers integrated facility management services for the "Mazarine Apartments" project in New Alamein City. These services include security, guarding, cleaning, landscape maintenance, pest control, and waste management, alongside full-scale engineering maintenance covering civil and electromechanical works.
Security Services at Latin City
The agreement also encompasses comprehensive security and guarding services for the "Latin City" project in New Alamein City, designed to maintain a secure and well-organized environment for residents and visitors in line with optimal operational benchmarks.
Detailed responsibilities, service level agreements (SLAs), and technical, commercial, and financial terms will be established through separate service contracts between both parties. According to the MoU, the binding service agreement is set to be signed within 30 days. The memorandum will remain effective for three years, laying the groundwork for long-term collaboration in managing urban communities.
City Edge: Operations Preserve Asset Value
Eng. Tamer Nasser, CEO of City Edge Developments, stated that the company seeks to continually enhance its service ecosystem alongside real estate development by ensuring top-tier operational and management efficiency.
He added that partnering with Modon Misr leverages their specialized expertise to deliver integrated services that align with client expectations and improve the quality of living across City Edge developments. Nasser emphasized that effective management and operations are essential to preserving asset value and providing a sustainable experience for clients, particularly in New Alamein City, one of Egypt’s premier urban and tourism destinations.
Modon Misr: Aiming to Maximize Operational Efficiency
Eng. Mohamed Mahmoud Abou Taleb, CEO of Modon Misr Asset and Facilities Management, noted that the MoU marks a milestone toward building a strategic partnership with City Edge to offer professional, comprehensive solutions in facility management and security.
Abou Taleb explained that integrated and efficient management of assets and facilities is a cornerstone of preserving project value and enhancing community living standards. He affirmed that Modon Misr aims to deploy its operational capabilities to deliver high-quality services across City Edge’s New Alamein portfolio, adhering to industry best practices.
Corporate Background
Founded in 2025, Modon Misr Asset and Facilities Management develops specialized solutions in property and facility administration, focusing on facility operations, maintenance, urban community management, and long-term asset value enhancement in the Egyptian market.
City Edge Developments was established in 2017 as an Egyptian joint-stock company with EGP 2 billion in capital, formed through a partnership between the Ministry of Housing's New Urban Communities Authority (NUCA) and the Housing and Development Bank (HDB). The company operates in real estate development and asset management, overseeing a diversified portfolio comprising residential, commercial, hospitality, and administrative assets, as well as retail malls and restaurants.