Egypt’s Amlak Real Estate Investment and Marketing targets achieving sales of EGP 50 mn (USD 2.7 mn) from the first phase of Tala and Eshraka projects within 2017, local media reports.

The two residential projects, which belong to the country’s state-run Housing and Development Bank (HDB), are located in Sixth of October City on a total space of 25 feddans.

Hisham Latif, Amlak’s managing director, tells Amwal Al Ghad that Tala includes around 180 units with various spaces. Latif adds that Amlak has concluded a giant share of the construction works in the 220-housing unit Eshraka project.