Tatweer Misr announced its figures and achievements for H1-2020. Figures show that sales totaled to approximately EGP 2 Bn representing 75% of the preplanned targets of EGP 6 Bn throughout 2020. In addition to recording such success despite economic uncertainty, Tatweer Misr is in progress of delivering 1000 finished units across both IL Monte Galala & Fouka Bay projects.
In September 2020, the company will start delivering around 500 units from the first phase of its flag ship project, IL Monte Galala in Al Ain El Sokhna, making it the first operational, fully-fledged mixed-use facility in Ain Al Sokhna. Moreover, Tatweer Misr is delivering more that 500 finished units in its coastal project “Fouka Bay” in Ras Al Hekma, North Coast. The delivery plan of both projects is extended till the end of the year.
President and CEO, Dr. Ahmed Shalaby stated, “The pandemic represents a major challenge for Tatweer Misr in specific and to the real estate sector as a whole. The company was able to mitigate this challenge through utilizing specific tools and expertise while relying on innovation, team work and dedication. This strategy has proven its success, represented in outstanding achievements in the first half of the year, successful operations of Fouka Bay since July along with the delivery of more than 1000 units in our two coastal projects, IL Monte Galala and Fouka Bay scheduled till the end of 2020.
Shalaby continued, “Amid the outbreak, the company was able to maintain construction works and capacity levels across all three projects while practicing highest safety and precautionary measures to keep our employees, partners of success and suppliers safe. This remains our utmost priority in the coming period.
He also added,”Tatweer Misr was keen on settling all liabilities to its partners during the crisis, and was committed to paying employees full wages, in addition to announcing the promotions and providing incentives twice this year.
