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FINANCIAL NEWS
UAE’S Arabtec to establish USD40 b development in Egypt
28 Mar 2014
(MENAFN) UAE-based Arabtec Holding plans to establish a new joint stock company to implement multi-billion dollar project in Egypt, according to the Emirates 24/7.
The company is in negotiations with the government of the Arab Republic of Egypt to develop and construct one million units of middle-income housing in various locations across Egypt.
The project will be the biggest of its kind in the region and worth over USD40 billion.
The development will allow millions of Egyptians to reach full-fledged communities and other facilities, such as schools, hospitals, parks, and places of worship.
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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