Capital Integrated Housing Company targets EGP 1 bn of contractual sales to the developers as part of the company’s plan in 2022, Invest-Gate reports.

The Company’s Chairman Hossam Ramadan explains that the company aims to attract a number of real estate expertise in various leadership positions.

Additionally, he remarks that the company seeks to attract new local and foreign investors to the Egyptian real estate market. “We hope that we could have a group of projects in the real estate market during 2022,” he adds.

For her part, Merritt Suryal, general manager and deputy managing director, comments,” Capital Integrated Housing was established at the end of 2016 to manage and market real estate projects. The company shares the developer’s step-by-step implementation of the project, including conducting a feasibility study for the project, setting goals and developing marketing and sales plans.”

Moreover, Ramadan points out that the company’s vision changed in 2018 in parallel with the start of work in the New Administrative Capital (NAC) and the direction of the state to build 4G cities.

“The company achieved the sales target for various developers in 2018 and 2019. During the Covid-19 crisis in 2020, there was a significant decline in real estate sales, but it has recovered in 2021, so the company succeeded in achieving its sales target for 2021,” he concludes.