Egyptian real estate developer Talaat Moustafa Group Holding will raise the company’s sales budget for 2017, Invest-Gate reports.

The sales budget is to be increased by EGP 2 bn to EGP 11.4 bn from EGP 9.4 bn. This decision came after the company achieved positive financial results for the first half of 2017.

The company’s sales reached EGP 6,598 mn YTD to August 10, 2017, an increase of 152% y-o-y from EGP 4,533 mn.