Misr Italia Properties announced the results of its operations during the first half of the current year 2023, in terms of sales, project execution rates, and all activities and events carried out during that period, Invest-Gate reports.

The results achieved by Misr Italia during the first half of the current year are considered the highest, exceeding the target by more than 36%.

The company’s financial results revealed contractual sales worth EGP 7.2 bn during the first six months of 2023, compared to EGP 4.2 bn during the same period in 2022, with a growth rate of 71%.

The latest project of the company, “Solaré” in Ras El Hikma, achieved sales worth EGP 2.4 bn, followed by the New Cairo project “IL Bosco” with a value of EGP 2.1 bn.

Developments in construction operations witnessed the delivery of more than 1,000 units in the IL Bosco project, including 300 villas and 700 apartments. In addition, over 1,000 units are currently under construction and will be delivered this year.

The company continues to implement infrastructure works for the first phase of the IL Bosco project. The company is also working on constructing the first phase of the Vinci project in the New Administrative Capital (NAC), which includes 200 villas and 600 apartments, with deliveries scheduled to begin this year. In addition, the first phase of the Kai Sokhna project has been completed.

On the other hand, the first half of the current year witnessed the hosting of major events by the company’s projects. As part of its continuous support for young talents, Cairo Business Park hosted the “Limitless Startups” summit under the theme “Unleash without Limits.” In addition, the second International Padel Championship was held at the IL Bosco Javelin Sports Club.

Mohamed Khaled Al-Assal, the CEO and Managing Director of Misr Italia Properties, stated that the company has surpassed all expectations and targets during the first half of the current year, thanks to its continued work and involvement in multiple partnerships that contribute to achieving the best results for the company.

On his part, Mohamed Hany Al-Assal, the CEO and Managing Director of Misr Italia Properties, affirmed that a significant part of the company’s strategy is commitment to delivery schedules to ensure the ideal experience and exceed customer expectations.

Additionally, the company is committed to development in all projects, contributing to innovation, sustainability, and entrepreneurialism, reflecting Misr Italia’s advanced vision and ambitious plans for investment and development.

Notably, the results achieved by the company during the first half of the current year confirm its commitment to customers and its dedication to continuous growth, which reflects positively on the Egyptian economy. Furthermore, it emphasizes the company’s commitment to the community through its efforts towards social development.