BYC Egypt, real estate brokerage and consultancy company, has achieved EGP 3.6bn sales for several developers in 2019.
CEO of BYC Egypt Karim Ghoneim said the company’s target in 2020 was to increase its contracted real estate development companies’ sales by 15%.
He added the company contracted with mega developers in the local market this year, namely City Edge Developments, Emaar Misr, Palm Hills, SODIC, Madinet Nasr for Housing and Development, and Ora Developers.
He added that his company targeted EGP 200m sales in Ora’s 400-feddan project in New Cairo.
Regarding participation in external exhibitions, he said: “BYC participated in many external exhibitions, including Cityscape Dubai, Al Ahram Real Estate Exhibition in Kuwait, and the Abu Dhabi Expo. Gulf countries are major target markets, mainly the UAE, Saudi Arabia, and Kuwait.”
”We targeted Egyptian expatriates to provide the country with foreign currency, but Egypt was experiencing difficulty in exporting real estate due to inability to apply necessary mechanisms to boost property export,” he added.