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FINANCIAL NEWS
Egypt’s Emaar Misr records 20 percent net sales increase in H1
13 Jul 2015
(MENAFN) Emaar Misr, the Egyptian real estate company, registered 20 percent increase in net sales for the first half of the year, reaching USD499.36 million, spurred by its Mivida and Marassi projects, Reuters reported.
The Mivida project contributed with a 45 percent upsurge in sales, while Marassi witnessed a 40 percent growth, Emaar Misr said in a corporate statement.
Emaar Misr for Development S.A.E is a wholly owned subsidiary of the UAE-based Emaar Properties PJSC, the global property developer.
The firm is one of the largest foreign direct investor in Egypt’s real estate sector with an investment portfolio of USD6.74 billion.
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