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FINANCIAL NEWS
UAE, Egypt sign deal to construct 50k housing units
19 Apr 2015
(MENAFN) The United Arab Emirates are set to sign a construction deal with Egypt that includes the building of 50 thousand housing units in Egypt’s new capital project, Amwal Alghad reported.
The housing units are set to be established in three years by Abu Dhabi’s Eagle Hills, with intervals ranging from 55 meters up to 180 to separate the houses, according to housing minister.
The construction process will be due in few days, with an initial phase that will cover the engineering of water lines at a capacity of 100k square meters to support the construction works.
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