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Marseilia eyes EGP 3bn sales in 2019 – Chairman

Marseilia eyes EGP 3bn sales in 2019 – Chairman
A project by Marseilia for Real Estate Investment

By: Abdullah Bedeir

Cairo – Mubasher: Marseilia for Real Estate Investment is expected to achieve EGP 3 billion in sales through several of its projects in 2019, group chairman Sherif Heliw revealed.

Marseilia has already pumped EGP 800 million in investments in 2018, the top official told Mubasher exclusively, noting that his company logged EGP 1 billion in sales thus far in the year.

Marseilia is currently working on acquiring three land plots in 2019 in order to implement a 120-acre project in Egypt’s North Coast, Heliw further revealed.

The group is also looking to get a 15,000-metre plot in Alexandria and another covering 40,000-acre in Cairo, the chairman added.

Marseilia is also in talks over a plot in the New Administrative Capital, Heliw concluded.

 

Translated by: Nada Adel Sobhi