By Hamed Mahmoud
MG Developments announced that it is targeting an expansion strategy during 2021 through a number of already existing projects, as well as a number of other projects that will be launched during the coming period in a number of different destinations, as the company aims to achieve contractual sales of 3 billion pounds during the current year, especially as it is. It depends on marketing competencies and experienced people as well as the good reputation associated with the name of the group and its current projects in terms of commitment to delivery dates as well as specifications as contracted and it follows various payment systems that suit many different segments.
Mohamed Metawee, CEO of MG Developments, said that the real estate market sales in Egypt exceed 200 billion pounds annually, and the company aims to obtain a share of 3 billion pounds from the total value of these sales by expanding and launching a number of new projects in different destinations that considered as an investment opportunity.
Metawee added that the company’s projects are diversified in a number of fields, including residential, administrative, commercial and tourism, which makes the company have a diverse portfolio of projects that contribute to the inclusion of various new segments of clients, stressing the importance of investing in the new administrative capital, especially in the government district, as a good destination for investment.
The capital enjoys the attention of the state and is considered a national project that will be vibrant after a short period of time, adding that investment in commercial activities is the highest in terms of return on investment due to the scarcity of commercial spaces in the government district because the area allocated to this sector does not exceed 15 pieces only.
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