Samy Al-Quraini, chairperson of Yafa Mac Touristic Co., said that the company plans to inject EGP 1.5bn of new investments in the second phase of the Emirates Heights project at the North Coast, next to building a yacht harbour. The second phase is expected to be completed within four years from the start date. Meanwhile, he said that Yafa Mac targets sales of EGP 1bn from the units of the second phase of the Emirates Heights project in 2017, as a result of a huge promotion campaign. Yafa Mac has signed contracts with consulting offices to prepare for the third phase of the project to begin its new Emirates Heights Elite phase. Al-Quraini noted that Emirates Heights investments jumped from EGP 4bn to EGP 7bn following the flotation of the pound.

Source: Daily News Egypt April 05, 2017 07:07 UTC