Egypt’s Reiada Real Estate establishes $3.3 mn-project in fifth settlement

Egypt-based Reiada Real Estate Company establishes property project in the fifth settlement (El-Tagamu El Khames) with total investments worth 30 million Egyptian pounds (US$3.3 million), its general manager Ahmed Gamal said Thursday.

The project would be finished by the middle of 2018 spread over 1000 square meter including 20 residential units with various spaces between 130 and 360 square meters, Gamal noted.

On the other hand, he said that his company’s sales have increased by 30 percent during the previous year with total contractual sales of 100 million Egyptian pounds.