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Samcrete Misr awarded Ahram Heights residential project

Samcrete Misr awarded Ahram Heights residential project
Photo Credit: Arabianeye - Reuters
Samcrete Misr
SMCS
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Cairo – Mubasher: Samcrete Misr said its 77% owned Samcrete Egypt for Urban Development has been awarded the contract of managing the development and marketing of Ahram Heights residential project.

The project comprises 604 units with areas ranging between 240 to 420 square meters.

Samcrete expects revenues of EGP 2 billion from the project that it anticipates to deliver after four years.

Samcrete Misr saw net profits of EGP 55.1 million for the year ended December 2014, against losses of EGP 29,000 in the previous year.