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FINANCIAL NEWS
Egypt-Emaar Misr aims investment project in al-Alamein
06 Aug 2017
(MENAFN) Egypt’s investment and housing ministers met Egyptian property developer Emaar Misr in order to discuss investments by Emirati businessman Mohamed Alabbar.
Meanwhile, the UAE investor was meant to control a mega-project in order to build a new capital east of Cairo, while Egypt and Alabbar failed to close a deal in 2015.
Furthermore, Egypt’s plan to build a new metropolis was unveiled in March 2015 at a Sharm al-Sheikh summit, held to pull back foreign investors.
In addition, the project, one of several that President al-Sisi proclaimed to develop the firm and make jobs for an increasing population of 91mn.
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MENAFN0608201700450000ID1095698427
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