Last checked at 24 Oct 2018 09:08
MNHD Announces the Completion of Construction of 2,956 Units and Record Deliveries in 3Q2018, 126% Increase over YTD2017
Madinet Nasr Housing & Development (EGX: MNHD.CA, "MNHD"), a leading urban developer in Egypt, announced today that it has delivered 457 units in 3Q2018 which brings the total YTD deliveries to 511 units, 126% increase over YTD 2017.
Below is the breakdown of the units delivered:
Project | 3rd quarter 2018 deliveries (units) |
Tag Sultan | 214 |
Primera | 243 |
Total | 457 |
This comes as MNHD has finished in 2018 the construction of 2,956 units in various developments across east and west Cairo with the plan of delivering them to clients between 4Q2018 and 2019.
Below is the breakdown of units finished:
Project | Finished units ready for delivery |
Tag Sultan | 527 |
Primera | 392 |
Nasr Gardens | 2,037 |
Total | 2,956 |
"We are very pleased with our accelerated construction plan and keeping our promise to deliver our units on time," said Ahmed El Hitamy, CEO of MNHD, "we strive to stay committed to our clients and keeping the company as a client-centric organization."
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Madinet Nasr Housing & Development (MNHD) is a leading Egyptian urban developer. Since inception, the company has initiated and completed a number of key developments, including the majority of the Nasr City district in the Greater Cairo Area, which covers an area of more than 40 million square meters and is home to 3 million people. MNHD's land bank includes 3.5mn sqm in a prime location inside Cairo across from Cairo International Airport and 5.5mn sqm in a strategic location on the Suez Road. You can learn more about us on our website at mnhd.com.
Ahmed El Hitamy
CEO
MNHD
4, Youssef Abbas St.
Nasr City, Cairo
Tel: +2 (02) 2400-6207
aelhitamy@mnhd.com
Salah Katamish
Director of Investor Relations
MNHD
4, Youssef Abbas St.
Nasr City, Cairo
Tel: +2 (02) 2400-6207
skatamish@mnhd.com