This company will provide management, maintenance, and operation services for buildings, urban communities, and infrastructure, in accordance with the latest international systems and standards. It will also supervise and monitor cleaning work in new cities using modern methodologies and specific monitoring standards to ensure sustainability and quality.
The MoU was signed by Engineer Kamal Bahgat, Vice
Chairman of the New Urban Communities Authority for Development and
Construction, and Engineer Mohamed Abu Taleb, Executive Director of Musanada -
Egypt Future Authority.
El-Sherbiny pointed out that the MoU aims to develop a
professional model for city management and maximize the efficiency of operation
and maintenance of public assets, contributing to the provision of sustainable
urban services that enhance the quality of life. He emphasized that efforts
have been made over the past period to truly implement this approach, and that
the presence of a reliable company for such tasks, including maintenance and
operation, is the beginning of achieving further objectives in asset management
and even the operation of some service buildings and other areas.
The MoU advances the state's vision of creating
integrated, modern cities that are not limited to construction alone, but
extend to include smart and sustainable operation and management. He noted that
Modon will serve as an executive arm, providing services according to
international standards that contribute to preserving investments and
developing new urban communities.
Dr. El-Ghannam expressed his happiness with the
cooperation with the Ministry of Housing, highlighting its strategic
significance, and represents one of the aspects of cooperation and concerted
efforts between state institutions to achieve the interests of citizens and the
goals of the new republic.
He added that the MoU aims to achieve a qualitative
shift in the management, maintenance, and operation of buildings, urban
communities, and infrastructure. It represents an important step towards
applying the concepts of sustainability and governance in public asset
management, enhancing the investment climate and supporting comprehensive
development plans.
Modon is scheduled to provide its services to all of
the Authority's new cities across the country, with future expansion planned in
accordance with sustainable urban development priorities.
It is worth noting that Musanada is a subsidiary of the Future of Egypt Fund, specializing in asset management and responsible for managing Egypt's largest strategic projects under the directives of the political leadership.