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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.
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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