Tatweer Misr has achieved of EGP 5bn in sales from its projects until the third quarter of 2018 out of its targeted EGP 7bn by year’s end, according to Managing Director (MD) and Board Member, Ahmed Shalaby. Shalaby related to Daily News Egypt that the company is currently preparing to launch a new phase next month in the IL Monte Galala project in Ain Sokhna, which will be service apartments. Tatweer Misr is still interested in expanding in the west Cairo area to develop new projects, which in connected with the regional growth and investment’s importance, Shalaby added. “The Egyptian pavilion also witnessed the interest of visitors looking for accommodation outside their countries with added benefits. The government must reconsider the mortgage financing system, which currently is the most prominent option to revive sales operations in the real estate market, Shalaby concluded.

Source: Daily News Egypt October 29, 2018 07:41 UTC