Israel intensifies Gaza offensive amid renewed diplomatic efforts, international pressure    Egypt launches annual coral reef monitoring programme in Red Sea    Electricity Minister discusses cooperation with ABB on energy efficiency, renewables    Egypt launches 'National Economic Development Narrative', aims for 7% growth by 2030    Egyptian government, exporters align on goal of doubling exports    Egypt marks International Day of Clean Air at Wadi Degla Protectorate    EGX starts week mostly in red    Egypt launches hospital safety assessor training with WHO support    International force deployment in Gaza possible if requested by Palestinians: Egypt's FM    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egypt's FM vows full support for UNRWA amid Gaza crisis, Israeli pressure    Egyptian pound ends week lower against US dollar – CBE    Egypt expresses condolences to Sudan after deadly Darfur landslides    Egypt's FM affirms full support for UNRWA    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt uses dual aid routes to Gaza as trucks, airdrops continue: Madbouly    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Hisham Talaat Mostafa Group's revenues increase by 20% in 2020 despite coronavirus
Ahram Online Published in Ahram Online on 22 - 11 - 2020

The results of the financial statements of the Hisham Talaat Mostafa Group have boosted the group's leading position in the real estate market.

The results crystalise the strategies Hisham Talaat Mostafa, the developer of Madinaty and Al Rehab, adopts to expand his group's business in mega urban projects.

The results also show the Hisham Talaat Mostafa Group is leading the Egyptian real estate market and prove he is the best real estate developer in the urban sector.

The Hisham Talaat Mostafa Group, the developer of Madinaty and Al Rehab, sold units with a total worth of EGP 49.8 billion until 30 September, up from EGP 47.7 billion during the same period last year.

Such results reflect how Hisham Talaat Mostafa, the best real estate developer, continues to develop the group's sales strategy. These revenues will be registered as profits when the units are delivered between 2020 and 2023, according to the schedule of delivery.

The Hisham Talaat Mostafa Group's total revenues in the first nine months of 2020 reached EGP 10412 million, up from EGP 7759 million during the same period in 2019, recording a 34 percent growth.

The hike in growth is primarily the result of the EGP 4 billion deal which came due to the strategic alliance with the National Bank of Egypt and Banque Misr to develop 342,000 square metres of lands in Madinaty and Al Rehab.

Clic here to read the story from its source.