The expected collections of the company in 2017 are estimated at EGP 1.4bn, compared to EGP 84m in 2011. Haytami told Daily News Egypt that the sales of Sarai New Cairo’s two phases amounted to EGP 3bn. The building works will begin next year, while the studies of the project would be completed within six months. The company recorded sales of EGP 3.4bn in 2016, compared to EGP 120m in 2011. On the other hand, the company achieved a total net profit of EGP 768.9m in 2016, compared to EGP 268m in 2015, with a growth rate of 287%.

Source: Daily News Egypt April 02, 2017 09:33 UTC