Egypt’s Tatweer Misr posts $373.8mn contractual sales at 2018-end

Egypt’s Tatweer Misr posted contractual sales of 6.7 billion Egyptian pounds ($373.8 million) from its IL Monte Galala and Bloomfields projects at the end of 2018, its managing director said on Saturday.

IL Monte Galala is located in Ain Sokhna over 2.2 million square metres. The project comprises of 8,000 housing units and hotel apartments.

As for Bloomfields, the residential and entertainment flagship is located in Mostakbal City, New Cairo on a space of 325 feddans, Ahmed Shalaby earlier announced.

The real estate development firm reached a final agreement with a number of international schools and universities to establish new branches in Bloomfields, Shalaby added.

Bloomfields includes 10,000 homes, besides entertainment and educational units on a space of 90 feddans. The educational part encompasses a bunch of schools over 20 feddans and universities over 70 feddans, he said.