Capital Real Estate eyes EGP 2bn in clients’ 2018 sales

Egypt’s Capital for Real Estate Investment and Contracts seeks to market its clients’ projects by achieving sales worth up to two billion Egyptian pounds ($111.9 million) this year.

Capital Real Estate is one of the fast growing firms in Egypt’s construction and building sector, alongside building and promoting real estate projects in the sector.

The targeted sales will be driven by the rise in real estate market activity and the launch of large amount of property projects this year, Capital’s chairman Farouk Rashad said Monday.

“We also have a very special expansion plan for this year,” Farouk said.

Capital has a wide range of clients, including more than 30 real estate developers, with total around 80 flagships, the official said, adding that his company also plans to increase its business volume within 2018.

“The company targets inaugurating a new branch in Sixth of October City this year,” Farouk concluded.