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Egypt's Talaat Moustafa Group expects LE5.5 billion new sales this year Controversial property firm expects interest to continue in its high-end products, resulting in an LE27.5 billion backlog
@font-face { font-family: "MS 明朝"; }@font-face { font-family: "Cambria Math"; }@font-face { font-family: "Cambria"; }@font-face { font-family: "Tahoma"; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: Cambria; }.MsoChpDefault { font-family: Cambria; }div.WordSection1 { page: WordSection1; } Egypt's real estate giant the Talaat Moustafa Group (TMG) is expecting LE5.5 billion in new sales this year, resulting in a LE27.5bn backlog, says the controversial firm's deputy chief executive Tarek El-Naggar. Quoted in Al Mal financial newspaper, Naggar said TMG has handed over 4,500 units this year to date, expecting to deliver another 5,000 by the end of the 2011/12 financial year. By the close of 2013, TMG hopes to complete 22,800 units with a total value of LE17 billion.