TDA planning to sell 80mn sqm of land plots in FY17/18
The Tourism Development Authority (TDA) has announced launching a total of 80mn sqm of land plots priced in EGP in the fiscal year 2017/18. Authority Head, Serag Eldin Saad, said the launch will include 29mn sqm of land at the North Coast. The Authority has sold c17mn out of 60mn sqm offered since January 2016. Saad noted that the Authority is expecting EGP1bn in revenue in the next fiscal year, in addition to EGP175mn to be booked in revenue from previous sales.
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