Egypt: TMG Holding targets $2bln in sales from Sharm Bay project
The development scheme will feature around 3,000 residential units, including a mix of luxury villas and elegantly designed boathouses.
The company targets an average net profit margin of 20% and a projected recurring income of EGP 30.2 billion after completing and operating the venture.
The tourism resort will include a wide range of premium amenities, such as a world-class marina, high-end retail and entertainment venues, a wellness center, and sports facilities.
Moreover, the Sharm Bay project will reinforce the group's position as a leading real estate, hotel, and resort company.
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