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FINANCIAL NEWS
Egypt, Dubai’s Arabtec to renegotiate terms for USD40b plan
06 Mar 2015
(MENAFN) Arabtec’s chairman is set to meet officials of Egypt’s housing ministry to renegotiate terms of USD40 billion housing plan, Arabian Business reported.
Egypt’s housing minister is in talks with Dubai-listed Arabtec in hopes of reaching a final deal on a plan to build a million homes before a March 13-15 investment conference.
The Egyptian housing project is a part of economic and political support to Egypt by the UAE, which has provided billions of dollars in aid to Cairo since the Islamist President was ousted in 2013.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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