Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) has achieved a year-to-date sales of EGP 11 billion.

The property developer has generated EGP 5.6 billion in sales from its project Celia in the New Capital, the company said in a filing to the Egyptian Exchange (EGX) on Thursday.

Estimated sales are projected to rise by EGP 1 billion to EGP 1.5 billion by the end of 2018, the real estate firm highlighted.

In March, managing director of TMG Holding Hisham Talaat Moustafa said that the company’s total investments in Egypt's New Administrative Capital stood at around EGP 35 billion.