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FINANCIAL NEWS
UAE’s Arabtec to build million houses with the Egyptian army
10 Mar 2014
(MENAFN) Arabtec Holding, Dubai’s largest listed construction firm, will build one million houses with the Egyptian army under a USD40.23 billion agreement, according to Arabian Business.
The project, which will be one of the biggest in the region, aims to improve and support tourism sector, amid political turmoil.
The announcement was revealed in a press conference in Cairo. The financing process was not mentioned.
The project will extend over 160 million square meters across 13 several sites in Egypt for lower income individuals.
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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