Lift Salab launchs new project Egypt’s Matrouh project

Egyptian for Developing Building Materials (known as: Lifat Slab Misr) has signed contracts with some people who own land plot with total area of 4 feddans in Marsa Matrouh.

The company targets sales of 115 million Egyptian pounds from Matrouh project, adding that it will be executed over 24 months starting from July 27, 2016.

The company estimated the sales’ ratio will be around 18% to 20% from the selling value of the total sales which represents 50%; as Lift Salab will be responsible for execution business till delivering as well as marketing and selling the project.

The company revealed that the estimated cost of the project will be between 42 million pounds and 47 million pounds, according to raw materials prices.