Egypt’s The Address posts EGP3.4bln sales during 2020

Egypt’s The Address Real Estate Development has achieved contractual sales on behalf of real developers of 3.4 billion Egyptian pounds during 2019, said its chairman Amr Badr.

He added that the company has posted sales exceeding 120 percent of the target during 2019. It seeks to increase this percentage during  2020.

He explained that the company develops a new market plan for its projects during the coming period with the aim of diversifying its portfolio, whether residential, commercial or administrative.

He also noted that the company seeks to double its sales of the commercial and administrative ptojects during 2019.

The company has launched its housing project debut – The Marq – in New Cairo, with investments of 2 billion Egyptian pounds ($122.7 million) in October 2019.