HC Brokerage expects strong revenue and earnings growth for Orascom Development Egypt, supported by tourism momentum and Red Sea investments despite residential headwinds.
HC Brokerage has released an update on Egypt's real estate sector, focusing on Talaat Moustafa Group Holding (TMGH), Invest-Gate reports.
In a recent report, HC Brokerage provided an update on Egypt's construction sector, with a focus on Orascom Construction and the company's exposure rebalancing, Invest-Gate reports.
That competition slows down the growth of pre-sales to 8% in the first nine months of 2022, while volume slips 5% YoY, compared to a 59% surge a year earlier.
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