Tatweer Misr, one of the leading real estate developers, announces its achievements for the first six months of 2021. The company’s greatest successes include contractual sales surpassing EGP 3.7bn, which is considered the highest sales Tatweer Misr has achieved in a 6 month- time period since its establishment. The figures reflect a promising growth for Tatweer Misr, which aims to achieve a sales target of EGP 8bn by the end of 2021.
“The new record in sales was a result of the launch of Tatweer Misr’s latest project D-Bay in El-Dabaa, North Coast last March,” states Dr. Ahmed Shalaby, President & CEO of Tatweer Misr, highlighting that D-Bay was the first project on the North Coast to attain the ministerial decree from the North Coast Development Authority, a subsidiary of the New Urban Communities Authority.
Shalaby continues, “Tatweer Misr was also able to successfully deliver nearly 400 units in both Il Monte Galala and Fouka Bay out of the 1,200 units targeted to be delivered in both projects by the end of 2021, amounting to 500 units in Fouka Bay and 700 units in IL Monte Galala.”
President & CEO of Tatweer Misr capitalizes on another major milestone achieved by Tatweer Misr, the launch of the first phase of the educational zone located in their first home project Bloomfields in Mostakbal City, New Cairo, during which, Tatweer Misr signed three final contracts worth EGP 3.2 bn with three educational entities to establish an International Branch Campus of New Jersey Institute of Technology (NJIT), two schools for the King’s College, and a school for Narmer American College.
Shalaby concludes that the overall investments of Bloomfield’s educational zone total to around EGP 10bn and the company has signed a strategic partnership with strong financial institutions, including the Commercial International Bank (CIB) and Colliers International with the aim of promoting and attracting investors and investment funds in the field of education and entrepreneurship to launch in the zone.