Madinet Masr’s contractual sales soar 212% YoY in 2023
Updated 1/29/2024 10:26:00 AM
Arab Finance: Madinet Masr has recorded total contractual sales of EGP 34.95 billion in 2023, up by 212.1% year on year (YoY) from EGP 11.2 billion, according to an emailed press release.
The company ascribed the increase in contractual sales to the adoption of a new strategy since early 2023, in addition to launching successful partnerships and new projects in Taj City as well as Sarai project.
“The outstanding results of the contractual sales is a strong representation of our efforts throughout a year with many challenges which we succeeded in overcoming,” Abdallah Sallam, President and CEO of Madinet Masr, commented.
“Our ability to achieve this remarkable growth is due to the company’s resilience, solid positioning in the real estate market as well as the trust of the company’s Board of Directors, diligent efforts of our dedicated team and the high quality of the innovative products and solutions that we offer,” he added.
It is worth mentioning that the company aims to bolster its land portfolio, which surpasses 9 million square meters, by establishing new residential units and projects in compliance with the latest standards of efficiency and quality.
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