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FINANCIAL NEWS
Egypt, Arabia Group sign USD4.6b construction contract
10 Jun 2015
(MENAFN) Arabia Group, Egypt’s real estate company, signed a USD4.6 billion construction deal with the country’s Housing Ministry, according to a statement issued by the Cabinet, Reuters reported.
The initial signing for the new venue was done at the investment summit, held in March in Cairo’s 6th of October City. The deal encompasses all of the construction and development work.
Arabia Group is recognized as one of Egypt’s most active real estate developers and is nationally acclaimed for developing commercial, residential, retail, hospitality and mixed-use properties.
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