Cairo - Mubasher: Cairo Development and Investment Co. announced that it expects total returns of EGP 257.9 million from a project it owns in New Cairo - 5th district.
The company forecasts that it will take nearly 4 years to finish off selling the project, noting that it eyes EGP 499.8 million worth of sales.
On other hand, the company's, 70%-owned subsidiary, Square for Development and Investment bought 31 residential units in 5th district.
The real estate developer reported nine-month profits of EGP 686,220 in 2015, compared with EGP 17.9 million a year earlier.
