El Safwa Targets Selling EGP 200M of Residential Projects in New Cairo

Monday, 6th June 2016

El Safwa Real Estate Investment Company is currently targeting the selling of 25 villas in Al Andalus area, in New Cairo, for EGP 200 million, Al Borsa reported.

The company has marketed 24% of the units put up for sale, and is planning to sell all units by the end of 2016, Head of Marketing Moustafa Haidar said.

Last year, the company achieved sales worth of EGP 300 million for 20 residential buildings, and villas that spread over 600 – 700 square meter each, in the Fifth Settlement, Haidar added.

El Safwa is currently viewing possible partnerships with other real estate investment companies, to develop comprehensive residential compounds in the next year, he announced.

The company was established in 1994 when it started its first project in Ain Shams, Cairo, then Al Mokattam and New Cairo, to finish about 190 villas and buildings.

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