MTI Investment SE announces that its subsidiary Ecohomes Company Ltd. has been awarded the contract to do interior construction works for Stanbic Bank, the industrial branch, in relation its proposed relocation, for a total fixed cost of TZS 370 million, inclusive of VAT, which corresponds to approximately SEK 1.5 million (EUR 141,000). The construction work is expected to begin in February 2022 and to be completed in the spring period of 2022 at the total cost of TZS 370 million includes VAT. Inclusive of the previously announced project for CRDB, Ecohomes has during the last month landed projects worth SEK 3.7 million (EUR 356.000).

In comparison, reported sales during the first nine months of 2021 were SEK 11.4 million (EUR 1.1 million). MTI Investment owns 64% of Ecohomes whereas the remaining 36% is owned by Pivotech Company Limited.