Misr Italia Properties achieves 58% growth during H1 2022

Misr Italia Properties achieves 58% growth during H1 2022

Cairo – Misr Italia Properties achieved contractual sales that amounted to EGP 4.2 billion in the first half of 2022 with a 58% growth, compared to the first half of last year. These results came as a continuation to the company’s ongoing sales progress, currently set to achieve a total of EGP 7.5 billion by the end of 2022. Further stressing Misr Italia Properties’ firm position as one of the top three real estate developers in East Cairo, the company achieved skyrocketing sales in IL Bosco City - New Cairo, where the project’s sales exceeded EGP 1.5 billion during the first 6 months of 2022; meanwhile, delivery of apartments in the first phase of IL Bosco - New Capital started in July.

The first half of 2022 has also witnessed the company’s focus on establishing strong partnerships that are set to influence the quality of its projects and provide state-of-the-art products; this step included signing a strategic partnership with Honeywell aiming to provide premium smart solutions, security, and energy-saving solutions across several Misr Italia Properties’ projects. The partnership scope includes providing a command-and-control system in the company’s flagship project, Cairo Business Park in New Cairo, which will positively affect the consumption