REAL ESTATE INTERVIEW من اصل4 4

MAGHAWRY: we are studying founding residential project on 2000
acres in Borg Al-Arab.
Did this process start?
It hasn’t started yet but it’s within the current real estate amendment
regulations, which is expected to be adopted within two months of the
Council of Ministers.
As far as you know, what will be its prominent features?
It’ll sort of avoid bids in the upcoming period, and it will give greater
authorities and flexibility for the President of New Urban Communities
Authority, who is as well the Minister of Housing.
how much profit did the company reach?
It reached about 34 million pounds last year, and we are targeting to
increase it over the next year in coincided with the sales, and marketing for
our project.
What is the amount of your investment?
About 3 billion pounds.
Will you participate with residential projects in the Suez Canal?
we’ll participate as soon as there is available land.
What is the company’s business target?
We aim to invest about 500 million pounds annually.