ElKhalifa Group is planning to achieve contract sales of one billion pounds during 2022, Invest-Gate reports.

Amr Khalifa, Chairman of ElKhalifa Group, says that the company plans to expand during the coming period in the western Cairo region, specifically in October Gardens and Sheikh Zayed City, Moreover, implementing projects with total investments in the two cities amounting to about EGP 650 mn.

Besides, the company is implementing two projects in Sheikh Zayed, as the land for the 1st project was obtained in 2021 which is residential and includes villas of various sizes, while the 2nd project was obtained earlier this year, and includes villas and a commercial area within the project.

Moreover, the group is close to settling the conditions of clients of Al-Ahram Gardens project, as the conditions of about 70% of the clients were settled.

He assures that the company keens on continuing expansion in Sheikh Zayed, due to the characteristics of the West Cairo region, which is distinguished by the presence of strong demand, diversity in residential segments and the need for housing, which makes it a promising market for real estate investor, and the development implemented by the state in the West Cairo region makes it a destination for investors and clients to benefit of the advantages of this development.

Also, he points out that the company is studying expansion in Ain Sukhna by launching a new project next year.