Egypt’s Al Ahly for Real Estate Development Company Chairman Hussein Sabbour says that his company is targeting contractual sales of EGP 4 bn (USD 220.3 mn) in its different projects during 2017, Invest-Gate reports.
According to Thomson Reuters Zawya website, the Egyptian investor has started implementing the Green Square project as a part of his Mostakbal City located in New Cairo.
“We target beginning works in L’avenir Mostakbal City project by early April 2018,” Sabbour says. The total housing units of the two projects stand at 5,000, including small villas and apartments, he says.
Earlier, contractual sales of Al-Ahly for Real Estate Development stood at EGP 3 bn by the end of 2016.