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Egypt's Tatweer Misr to deliver 2,000 residential units by the end of 2022

Posted on February 21, 2022   |  

  • Egyptian developer Tatweer Misr plans to deliver 2,000 residential units by the end of 2022 from its ongoing IL Monte Galala, Fouka Bay, and Bloomfield projects.
  • Tatweer Misr plans to invest 3 billion Egyptian pounds (191 million) across these projects in 2022 and desires to complete the year with sales of 8 billion ($508 million).
  • The 545-acre IL Monte Galala is located in Ain Sokhna, the 250-acre Fouka Bay is on the North Coast, and the 415-acre Bloomfields is located in Mostakbal City.
  • In 2021, Tatweer Misr delivered 1,200 units from the IL Monte Galala and Fouka Bay projects, with an investment of 2 billion pounds ($127 million) in IL Monte Galala with 500 million pounds ($32 million) each in Fouka Bay and Bloomfields.
  • In 2021, the company launched its fourth project, the 7-billion-pound ($445 million) D-Bay, located in the Dabaa area of the North Coast, which is spread over 200 acres and will house 1,800 residential units.