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Gifa Inc (GIFX) is a diversified leader in real estate development, financial services, and strategic consultancy. This news hub provides investors and stakeholders with verified updates about the company's North Cyprus property projects, financial service innovations, and cross-sector partnerships.
Discover official press releases covering luxury residential developments, business consultancy expansions, and regulatory compliance milestones. Our curated collection ensures access to primary-source information about earnings announcements, strategic collaborations, and operational updates directly from Gifa Inc's leadership team.
Bookmark this page for timely insights into the company's multifaceted operations, from supply chain management advancements to market-specific financial solutions. Regular updates provide transparent tracking of GIFX's progress across its core business verticals without promotional bias.
Gifa Inc (OTC PINK:GIFX) has provided a corporate update focusing on its strategic objectives in the real estate sector. The company's President, Mr. Kisa, announced their ambitious goal of doubling the real estate portfolio in 2025.
The company also reported progress on their hotel and casino project, though acknowledging some initiatives are taking longer than initially anticipated. Management emphasized their commitment to shareholder value and continued focus on growth despite facing various challenges and opportunities.
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.
