MRG Real Estate Targets EGP 2 Billion in Sales Revenues by 2025
MRG Real Estate has unveiled an ambitious strategy aimed at doubling its business volume and achieving **EGP 2 billion** in sales revenues by the end of 2025
Dr. Walid Rizk, Chairman of MRG Real Estate, highlighted the company's rapid success in the Egyptian market, earning the trust of both developers and customers in a relatively short period. He attributed this success to the company's team of highly skilled professionals with extensive experience in the real estate sector, capable of handling projects across various locations and activities
Rizk revealed that MRG Real Estate plans to expand its operations significantly in the coming period by opening new branches in East and West Cairo
### Embracing Advanced Strategies
Rizk emphasized that real estate marketing companies are increasingly relying on **modern technologies** such as social media platforms and artificial intelligence. These tools enable customers to view properties remotely and even complete contracts without the need for physical presence
He also stressed the importance of strengthening relationships with clients by guiding them toward reputable developers and reliable projects to safeguard their investments. Rizk noted that customers often trust real estate marketers’ recommendations when making purchasing decisions
Discussing the outlook for the Egyptian real estate market, Rizk predicted price increases of **10% to 25%** in 2025, driven by economic improvements, a stable exchange rate, and steady prices for building materials. He highlighted that the real estate sector is expected to grow at an **annual rate of 10.96%**, supported by foreign investments, particularly from Egyptians living abroad and investors from Gulf countries such as Saudi Arabia and the UAE
Rizk noted that New Cairo, Sheikh Zayed, and 6th of October cities currently account for 70% of real estate demand", while the "North Coast" remains a prime destination for coastal properties, bolstered by major developments in Ras El Hekma and El Alamein
He concluded by expressing optimism about the future, stating that the Egyptian market is poised to attract substantial investments in the real estate sector by 2025, further solidifying its position as a leading investment destination
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