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FINANCIAL NEWS
Egypt-Emtelak aims USD675m investments
23 Aug 2016
(MENAFN) Egyptian real estate developer Emtelak is predicted to achieve investments returns of USD675m for the projects that will be applied amid the next phase.
Furthermore, the project will use self-funding, partnership system and contractual sales as the result of the difficulty of relying on banking funding.
Accordingly, these projects involve carrying out a tourist hotel project in Ain Sokhna, almost 120 Kilometers ease of Cairo with investment of USD180.2mn.
Meanwhile, the firm is planning to apply a commercial administrative project in Sheikh Zayed city over 30 feddans.
More News
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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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