Wadi Degla on track for EGP6bn in contracted sales in 2016
Contracted sales for Wadi Degla for Real Estate Development is set to reach its targeted EGP6bn in 2016, which represents a growth of 50% Y-o-Y. This is according to Amr Al-Kady, Deputy CEO. The company has seven active projects, across a number of locations, including New Cairo, Maadi, Ain Sokhna and the Red Sea, with a total land bank of 6.5mn sqm. Wadi Degla aims to list on the EGX in the near future, awaiting an improvement in market conditions. (Al Mal)
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