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Egyptian state-owned Zahraa Maadi Investment and Development Company’s sales dropped by 10 percent to 160 million Egyptian pounds ($9 million) during 2017, announced financial statements on Thursday.
Sales earlier increased to 177.8 million pounds during 2016.
Founded in 1980, Zahraa Maadi is a public shareholding company engaged in real estate development, construction, contracting, urbanisation, housing, and tourism as well as other investment activities.
