Cairo – Mubasher: Living Yards Developments Egypt recently signed a memorandum of understanding (MoU) with EFS Misr Facilities Service.

“This up-and-coming partnership culminates Living Yards’ latest remarkable successes in its New Administrative Capital real estate projects; being the first real estate developer to invest in this great national venture,” Living Yards said in a press release.

The real estate developer has assigned a facility service company to manage about 1,230 residential and administrative units in three of its projects.

“The total investments in living yards projects exceeded EGP 4 billion. We have selected EFS Misr in particular on grounds of their reputable expertise in various projects over nearly two decades,” Ayman Marzouk, Chairman and CEO of Living Yards, said.

Meanwhile, Rami Mansour, Chairman and CEO of EFS Misr, commented “We promise to deliver world-class services; capitalizing on our 90+ projects experience in Egypt and the Middle East.”