Rooya targets 2016 contracted sales of EGP2.9 billion
Rooya Group (Rooya) is looking to grow its contracted sales by EGP400 million in 2016, to reach EGP2.9 billion. The driver for growth will be the company’s project in East Cairo, Stone Park, which is spread over 1.8 million sqm. Total investments earmarked for the project is EGP14 billion. The project will include 1,400 villas, a hotel, in addition to commercial space. The company had acquired the land from the New Urban Communities Authority (NUCA) at EGP1,288/sqm, non-inclusive of interest. (Al Borsa)
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