MBG Development Company achieves sales worth EGP 750 mn in the New Administrative Capital (NAC) during Q3 2021, Invest-Gate reports.

Mahmoud El Adl, CEO of MBG, says that sales at PUKKA New Capital reached 90%, while sales at White Tower 14 reached around 50% of the total project since starting the marketing process. As for the company’s medical project, sales reached 70% of the total project.

El Adl attributes the high turnout for the company’s projects to the clients’ great confidence. He adds that the company’s sales to Egyptians living abroad and foreigners exceeded 40% of the company’s total sales over the quarter.

During the last period, El Adl explains that he met a number of foreign investors and businessmen, in addition to organizing a number of lectures in several countries to show the importance of investing in Egypt and the great return through these investments. El Adl affirms that the export of real estate has become one of the largest trade in the world with a volume of USD 2 tn annually.