Pact Group’s WhitBay project reports 200 mln Egyptian pounds in sales

Egypt-based real estate company, PACT Real Estate Group, has posted contractual sales of 200 million Egyptian pounds ($22.5 million) in its flagship, White Bay in Sidi Heneish on the North Coast by the end of 2015, its CEO Mohamed Gama said Wednesday.

Concerning Whitebay, the company started last month in collaboration with RedCon contractors its first phase.

The project is also in collaboration with worldwide information technology IT leader CISCO, and will be providing smart homes solutions.

Gamal told Amwal Al Ghad that the project is situated on 70 feddans in the north coast with total number of 600 units to be built through four phases within seven years.

The company has adopted an active promotional plan; its first phase includes promoting 120 units by the end of the second quarter of 2016. In addition the plan second phase include boosting 200 units.

Established in 2014, PACT is seeking to report contractual sales of 500 million Egyptian pounds by the end of 2016.

PACT is targeting to leave its footprints in distinct areas in the country, outside of Cairo and Alexandria.