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Holding Co. For Maritime eyes EGP 1.3bn investments in 2017/18 - Chairman

Holding Co. For Maritime eyes EGP 1.3bn investments in 2017/18 - Chairman
ROI from subsidiaries reached EGP 106 million by the end of the fiscal year 2016/17

By: Fahd Omran

Cairo – Mubasher: The Holding Co. For Maritime & Land Transport, a public sector company, forecasts its real estate investments will rise to EGP 1.3 billion by the end of the fiscal year 2017/18.

The return on investments (ROI) from real estate in the company’s subsidiaries reached EGP 106 million by the end of the fiscal year 2016/17, said Holding Co. For Maritime & Land Transport’s chairman Mohamed Yousef.

The chairman highlighted that his company was targeting a 79% growth in ROI to EGP 190 million by the end of the new fiscal year.

Our real estate investment portfolios across our subsidiaries recorded around EGP 1.3 billion last year after the real estate investment business was added to four subsidiaries, Yousef added.

The Holding Co. For Maritime & Land Transport is looking to boost its ROI from assets, particularly property ones in accordance with public sector ministry’s directors to utilise the sector’s assets, the top official added.

 

Translated by: Nada Adel Sobhi