Egyptian Premier League fixtures (15th matchday)    Communication ministry provides 20 electronic services via digital means    Tennis: Federer overcomes slow start, reaches Australian Open QFs    Erdogan says Haftar cannot be expected to respect Libya truce    Lebanon's Bank Audi chooses Egypt's EFG Hermes as financial advisor in deal to sell its Egypt unit    Israel approves travel to Saudi under limited circumstances    STC claims negotiating to acquire stake in Vodafone Egypt    Iraqi security forces clash with hundreds of protesters in central Baghdad    Dozens pulled from rubble as Turkey quake toll hits 35    Trump says U.S. will not lift sanctions to negotiate with Iran    Live score: Egypt's Ahly v Tunisia's Etoile du Sahel (African Champions League)    China virus ability to spread getting stronger    US registers third coronavirus case: Health officials    Egypt's Sisi awarded by Germany's St. George medal for peace-making in Africa    Major Gulf stocks slump over spreading coronavirus fears    EBRD is interested in pumping investment into Egypt: President    Egypt denies cases of coronavirus among its citizens in China    Trump to reveal Middle East peace plan, amid Palestinian rejection    EGX expected to maintain sideways at 13,700-14,000 amid low liquidity    Zero coronavirus infection in Egypt, eastern Mediterranean region, says WHO    E-Commerce latest strategies to double online business    Egypt to play Tunisia for African Men's Handball Championship title, Olympics qualification    MOI pardons 2,957 prisoners on Police Day    A whisper from the past: voice of 3,000-year-old Egyptian mummy reproduced    France confirms three cases of deadly China virus    Egypt's AOI, Canada's Point North Co signs deal to revamp SEMAF    GEM at the forefront of Egyptian tourism promotion in 2020    A year of major tourist openings ahead: Al-Anani    Two Iraqi protesters killed, 25 wounded in clashes with police: Sources    Despite FDA's anti-vaping campaign, popularity of e-cigarette grows    Interdisciplinary study reveals new insights into evolution of sign language    Books not to miss this book fair - The dreams and agonies of an Egyptian filmmaker    Technical, legal committee meeting on GERD concludes in Khartoum    Financial solvency biggest challenge in Egypt's smart transport market    Egypt's Sisi marks National Police Day with visit to Police Academy    Audio recording: The voice of a 3,000-year-old Egyptian mummy    Egypt's achievements will be starting point for building modern state: El-Sisi    Al-Sisi reviews GERD negotiation updates ahead of Washington meeting    Sesame Street launches Arabic TV programme for Middle East children dealing with displacement    Egypt in a group with Gabon, Libya, Angola in 2022 World Cup qualifiers    Egypt to play Angola for group leadership in African Men's Handball Championship quarter-finals    Maspero triangle's towers will be up and standing in 30 months: NUCA    TMG to sponsor 5 Egyptian athletes qualified to Tokyo Olympics 2020    ‘Djamila Bouhired' movie star Magda al-Sabahi dies at 89    Egypt is best tourism destination for 2020 according to BBC    Egypt's Zamalek, Smouha presidents hit with disciplinary sanctions by EFA    Egypt's President Sisi pardons some prisoners on 25 Jan. Revolution anniversary    Egypt's Sami Anan released after near two-year detention    

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

Madinet Nasr Housing contracts, reservations surge 46% in 2017
Taj City, Sarai serve as a boost to company pre-sales book
Published in Daily News Egypt on 25 - 12 - 2017

Madinet Nasr for Housing and Development's (MNHD) contracts and reservations surged by 46% in 2017 due to sales of Taj City and Sarai, the company said in a press release on Monday.
The urban developer's contracts and reservations came in at EGP 5.03bn in 2017, up from EGP 3.5bn in 2016.
The real estate company attributed the increase in contracts to achieve EGP 1.9bn sales from the Taj City project, in addition to total sales of EGP 3.1bn from Sarai project.
MNHD is currently developing five main projects in Cairo that include more than 10,000 different residential units.
Taj City sales only began in August.
"We are extremely happy with our presales this year following the successful launches of Taj City and Sarai," said MNHD's CEO Ahmed El Hitamy. "We look forward to continuing this positive momentum, benefiting from the equity of our strong brand names, Sarai and Taj City."
On a separate note, MNHD announced the commencement of its global depository receipts on the London Stock Exchange as of 22 December 2017.
The company's capital amounts to EGP 997.1m distributed over 997.1m shares at a par value of EGP 1 per share.
The company has initiated and completed a number of key developments, including the majority of the Nasr City district in the Greater Cairo area, which covers an area of more than 40m sqm and is home to 3 million people.
MNHD's land bank includes 3.5m sqm in a prime location inside Cairo across from Cairo International Airport (Taj City) and 5.5m sqm in a strategic location on the Suez Road next to the New Administrative Capital (Sarai).

Clic here to read the story from its source.