{"id":652263,"date":"2017-01-04T04:06:39","date_gmt":"2017-01-04T04:06:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/mnhd-reports-record-contracted-sales-in-2016\/"},"modified":"2017-01-04T04:06:39","modified_gmt":"2017-01-04T04:06:39","slug":"mnhd-reports-record-contracted-sales-in-2016","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/mnhd-reports-record-contracted-sales-in-2016\/","title":{"rendered":"MNHD reports record contracted sales in 2016"},"content":{"rendered":"<p>Madinet Nasr for Housing & Development (MNHD) issued <a href=\"http:\/\/egx.com.eg\/downloads\/Bulletins\/197536_2.pdf\">guidance (pdf) noting<\/a> that its contracted sales for 2016 stood at EGP 3.8 bn, exceeding the budgeted figure of EGP 2.0 bn and coming 4.3x higher than 2015\u2019s figure. The record sales were achieved primarily through the company\u2019s flagship project Taj City, in which sales grew to EGP 2.1 bn in 2016 from 294 mn in 2015 and the launch of SARAI, which saw EGP 1.0 bn in sales during the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Madinet Nasr for Housing &#038; Development (MNHD) issued guidance (pdf) noting that its contracted sales for 2016 stood at EGP 3.8 bn, exceeding the budgeted figure of EGP 2.0 bn and coming 4.3x higher than 2015\u2019s figure. The record sales were achieved primarily through the company\u2019s flagship project Taj City, in which sales grew to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652263","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"c9bd9b5d-f5e5-4292-abce-b156a85acaea","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[652233],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MNHD reports record contracted sales in 2016 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/mnhd-reports-record-contracted-sales-in-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MNHD reports record contracted sales in 2016\" \/>\n<meta property=\"og:description\" content=\"Madinet Nasr for Housing &amp; Development (MNHD) issued guidance (pdf) noting that its contracted sales for 2016 stood at EGP 3.8 bn, exceeding the budgeted figure of EGP 2.0 bn and coming 4.3x higher than 2015\u2019s figure. The record sales were achieved primarily through the company\u2019s flagship project Taj City, in which sales grew to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/mnhd-reports-record-contracted-sales-in-2016\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-04T04:06:39+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/mnhd-reports-record-contracted-sales-in-2016\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/mnhd-reports-record-contracted-sales-in-2016\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"MNHD reports record contracted sales in 2016\",\"datePublished\":\"2017-01-04T04:06:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/mnhd-reports-record-contracted-sales-in-2016\/\"},\"wordCount\":78,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/mnhd-reports-record-contracted-sales-in-2016\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/mnhd-reports-record-contracted-sales-in-2016\/\",\"name\":\"MNHD reports record contracted sales in 2016 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-01-04T04:06:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/mnhd-reports-record-contracted-sales-in-2016\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/mnhd-reports-record-contracted-sales-in-2016\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/mnhd-reports-record-contracted-sales-in-2016\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MNHD reports record contracted sales in 2016\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"MNHD reports record contracted sales in 2016 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/mnhd-reports-record-contracted-sales-in-2016\/","og_locale":"en_US","og_type":"article","og_title":"MNHD reports record contracted sales in 2016","og_description":"Madinet Nasr for Housing & Development (MNHD) issued guidance (pdf) noting that its contracted sales for 2016 stood at EGP 3.8 bn, exceeding the budgeted figure of EGP 2.0 bn and coming 4.3x higher than 2015\u2019s figure. 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MNHD sees new phases of the Taj City reeling in EGP 2.5-3 bn, while contracted sales for its Sarai projects are projected to reach EGP 2-3\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638694,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/mnhd-contracted-sales-grow-13-y-o-y-in-3q2017\/","url_meta":{"origin":652263,"position":1},"title":"MNHD contracted sales grow 13% y-o-y in 3Q2017","author":"enterpriseam admin","date":"11 October 2017","format":false,"excerpt":"Madinet Nasr for Housing and Development (MNHD) reported that contracted sales for 3Q2017 grew 13% y-o-y to EGP 1.2 bn in a bourse filing on Tuesday (pdf). The growth was attributed to the continued rollout of consecutive launches at both Taj City and SARAI, said CEO Ahmed El Hitamy.","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":636196,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/26\/mnhd-announces-record-pre-sales-of-egp-5-03-bn-in-2017\/","url_meta":{"origin":652263,"position":2},"title":"MNHD announces record pre-sales of EGP 5.03 bn in 2017","author":"enterpriseam admin","date":"26 December 2017","format":false,"excerpt":"Madinet Nasr Housing and Development (MNHD) said its pre-sales for 2017 reached \u201ca record\u201d EGP 5.03 bn, according to a bourse disclosure. The figure, which includes contracts and reservations reached the budgeted amount for the year and surpassed 2016\u2019s figure by 46%. \u201cThis was achieved primarily from the company\u2019s flagship\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648357,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/egp-5-bn-in-contracted-sales-targeted-in-2017-mnhds-meet-the-board\/","url_meta":{"origin":652263,"position":3},"title":"EGP 5 bn in contracted sales targeted in 2017 -MNHD\u2019s \u201cMeet the Board\u201d","author":"enterpriseam admin","date":"2 April 2017","format":false,"excerpt":"Madinet Nasr for Housing and Development\u2019s (MNHD) is on track to achieve its target of EGP 5 bn in contracted sales in 2017, said CEO Ahmed El Hitamy at a \u201cMeet the Board\u201d event in Taj City in Cairo which we attended. 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Net income surged 165% y-o-y to EGP 747 mn during the year after a rise in\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/wp-content\/uploads\/2022\/11\/Earnings-img-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548488,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/10\/mnhd-revenues-double-in-2q-2022\/","url_meta":{"origin":652263,"position":5},"title":"MNHD revenues double in 2Q 2022","author":"enterpriseam admin","date":"10 August 2022","format":false,"excerpt":"Madinet Nasr Housing and Development\u2019s (MNHD) revenues more than doubled in 2Q 2022 due to a rise in deliveries, it said in its earnings release (pdf) yesterday. 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