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GIFA INC, symbol GIFX, is a Nevada corporation offering financial services, consultancy, real estate management, and supply chain logistics. Dedicated to delivering high-quality services and fostering long-term relationships, GIFA is committed to growth and innovation. With a team of experienced professionals, GIFA provides investment advice, project funding, business loans, and end-to-end supply chain management services. The company also engages in media business, offers consultancy for local businesses, and provides small loans to individuals. GIFA, formerly known as Firefish, Inc., was founded in 2008 and is headquartered in Lefkosa, Cyprus.
Gifa, Inc. (OTC PINK:GIFX) has provided an update on its recent activities. The company is finalizing its third-quarter financial statements for timely submission. Gifa remains actively involved in the real estate sector, with a focus on lands in Northern Cyprus. The company has completed a study on its land in Karsiyaka, with a detailed statement to be released soon. Gifa has formed a professional team to manage the project, aiming to enhance the company's overall value. The company's President, Mr. Kisa, emphasized that the extensive study phase was necessary due to the large size of the area, requiring thorough analysis and planning. He thanked supporters for their patience during this process.
GIFA Inc (OTC PINK:GIFX) has submitted its financial reports for Q2 2024, ending June 30. The company is considering partnership proposals for 234 donums of land it owns, emphasizing the importance of knowledgeable and reliable partners for project success. CEO Mr. Kisa highlighted that all company properties have Turkish titles, ensuring compliance with local regulations and providing stability for investors. He expressed confidence in capitalizing on development opportunities in the North Cyprus real estate market and meeting growth objectives for the year. The company views Q2 as successful, citing significant interest from potential partners and investors.
Gifa Inc (OTC PINK:GIFX) has provided an update on its ongoing Karsiyaka project. The company has completed the planning phase and is ready to move forward with implementation. The project involves developing 80 villas on 100 donum of land out of a total 234 donums available. Each villa will have a closed area of 300-400 m2, including swimming pools and gardens.
Gifa has obtained a construction permit for 30,100 m2, with an estimated cost of $1,292 per square meter, totaling $38,889,200. The projected total sales of the villas are estimated at $194,476,100. Due to financial constraints, the company is seeking a partner for collaboration rather than opting for high-interest bank loans.
Gifa announced updates on its projects and activities, highlighting strong Q1 2024 performance in its real estate business. The World Bank projects a 2.7% growth for TRNC in the coming year, supporting Gifa's strategic investments. The company plans to expand its portfolio by acquiring more assets. Gifa completed the subdivision project on its 234 donum land in Karsiyaka and is moving forward with a luxury villa development on the same site. The villa project aims to offer high-quality, modern homes with large gardens. Gifa is also streamlining operations and improving efficiency to deliver value to shareholders. The company is auditing financial statements to ensure transparency and thanked shareholders for their support.
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