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  • 26-05-21

    Subsidiary of UAE-based Diamond Group to achieve sales of USD100M in 2021

    (MENAFN)A senior company executive stated that Sky Abu Dhabi Developments, a subsidiary of the UAE-based Diamond Group planned to attain sales in 2021 of 1.5 billion Egyptian pounds (USD100 million) at its residential project in the New Administrative Capital.

    The firm gained EGP700 million in contractual sales from the project up to now, includes EGP250 million were invested in 2021, according to Mustafa Salah, chief executive officer of the commercial sector at Sky Abu Dhabi Developments.

    The company’s project in the New Administrative Capital is situated on 23 feddans and includes 1,000 housing units with a total amount of investment of EGP4 billion.

    The firm aimed to invest EGP15 billion in the Egyptian market in two years, also it was looking for new investment opportunities in the New Administrative Capital in light of demand for its existing project.

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