Signature Homes Development (SHD) plans to achieve EGP 2 bn in contract sales by the end of 2022, Invest-Gate reports.

Mostafa El Gallad, chairman of SDH, expresses his pleasure for the company’s sales volume during past months in the first half of 2022.

“The company is to launch a distinct residential compound in “R7″ in the NAC and will be revealed in the coming weeks,” El Gallad states.

Moreover, the company achieves great success in phase I of “STAU” compound, which was completed last December and located on 68 acres at the “R7” entrance in the NAC, near the British University.

El Gallad stresses that the project has been completed by more than 40% of the project’s construction volume, and a large number of units and villas have been booked, besides the high demand for project’s reservations, due to its distinguished location and competitive prices.

For his part, Eslam Tharwat, Head of the Commercial Sector at SHD, explains that the company has been working in the Egyptian market since 2015 and has many achievements during that period, as it implements many projects in the cities of Sheikh Zayed, 6th of October, New Cairo and now in the NAC.

Recently, SHD signed a strategic partnership with the Emirati Capital Real Estate Company to participate in launching a number of major real estate projects in both Egypt and the United Arab Emirates.