Wadi Degla targeting EGP5bn in contracted sales in 2017
Wadi Degla is targeting EGP5bn in contracted sales for 2017, up 25% Y-o-Y, according to Magued Helmy, Wadi Degla Chairman. The company is planning to bid for two co-development projects with NUCA in Sixth of October City. The company is also planning to establish three new hotels in Magawish (Red Sea). The company has passed a 10% price increase, following EGP float. Wadi Degla has a land bank of 8mn sqm, with 20 projects under construction.
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