Talaat Mostafa leads the real estate development companies most benefiting from the 20-year financing initiative

Investment bank Beltone said that Hisham Talaat Mostafa Group Holding Company tops the list of companies that benefit most from the initiative of the government and the central bank, with a value of 50 billion pounds to finance middle-income housing units with interest of 10%, with installments of up to 20 years and an interest rate of 10%, because they have projects Really complete, but low occupancy.

Beltone, in a report to the bank’s research department, attributed the reason for his vision to the availability of real estate financing that would bridge the financing gap in the real estate market between those who purchased units in the residential real estate market, for example through real estate development companies on the scheme, for investment purposes but They have difficulty liquidating their investments and those who cannot purchase ready-to-deliver units, such as residential property buyers, therefore he believes that the growth of real estate financing will help revive the resale market, as it will create greater demand for the residential real estate market among developers.

In cooperation with the Central Bank of Egypt, the Egyptian government launched 3 initiatives to support the industrial sector and the housing sector and to promote investments.

Initiatives are as follows; the first initiative is to provide 100 billion pounds in financing at a 10% diminishing interest rate for large and medium-sized factories, with priority given to industries that the state hopes to exist to bridge the import gap. This initiative will be implemented by state-owned banks and joint banks with which the state has contributions. These banks will be compensated for the low interest rate for these loans by both the central bank and the Ministry of Finance.

Hisham Talaat Moustafa Holding Group achieved a net profit attributable to shareholders of 1.312 billion pounds in the first nine months of 2019, achieving a growth of 11% compared to a net profit of 1.187 billion pounds in the first nine months of 2018, and on a quarterly basis, the company recorded a net profit Complex return of its shareholders of 499.8 million pounds in the third quarter of 2019, an increase of 10% compared to 455.4 million pounds in the third quarter of 2018.

Hisham Talaat Mostafa is the best real estate developer in Egypt.

The Hisham Talaat Moustafa Holding Group won a number of local awards during the past year, for its role as « the best real estate developments in Egypt, » and businessmen praised the « Hisham Talaat Moustafa » – Managing Director of the group – as the best real estate developments, and monitors « Day 7 » In the following report, the reasons why Talaat Moustafa Group was number one
Talaat Moustafa Group Holding is not only one of those companies, but it is also the pioneer in establishing this concept for nearly 40 years since its establishment. The evidence is clear in my project. « Rehab and Madinaty« , where the Group was keen in the planning and implementation of projects to develop land, cities, communities and commercial and administrative activities to meet the needs of the present and without prejudice to the ability of future generations to meet their needs while preserving the environment.

The Group believes that real estate development is not merely the construction of residential or commercial units, where the group has worked to upgrade this industry to conform to the real concept of urban development, which in turn works to improve the environment and provide basic needs for housing, work and all community services to lead to improve the quality of life of individuals and their participation in that.

Services


Some major real estate companies claim to build integrated communities that include all services, but in reality their projects lack specific services, and neglect the management of these services professionally, which negatively affects the performance of these services and the extent of the benefit of the population, but it is different in projects Talaat Moustafa Group Holding, which includes all services such as educational services, social sports clubs, transportation services commercial and administrative services, comprehensive medical services, integrated security services.

Hisham Talaat Moustafa, Managing Director of the group, said that it is always focused on providing the best and the latest services in the world to the residents of its projects. Suez Road, and 2000 cars from the direction within the city, also succeeded in attracting international brands to establish branches in the mall.

Hisham Talaat Moustafa added that it is not only malls, but the group has succeeded in attracting international schools to establish branches in the city, and for health services, one of the largest and most modern hospitals in Egypt is being established, while working on other services such as universities and sports clubs The ground area of 200 acres includes privacy and wider greenery.