By: Abdullah Bedeir
Cairo – Mubasher: City Edge Developments’ sales reached EGP 8.25 billion during the first ten months of 2018, the real estate developer’s CEO said.
The company’s total investments in Egypt’s real estate market amounted to EGP 6 billion, Amr El Kady told Mubasher on Wednesday.
City Edge Developments is a joint venture between the New Urban Communities Authority with a 60% stake, the Housing and Development Bank with 38%, and the Holding Company for Investment and Development with 2%.
It is worth noting that the company is working on two real estate projects in Sheikh Zayed with total investments of EGP 5.5 billion.
Translated by: Kholoud Mohamed Hussein
