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Thursday, 19 October 2017

Emaar Misr considers investment project in Egypt's Alamein

Reuters , Saturday 5 Aug 2017
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Egypt's investment and housing ministers met Egyptian property developer Emaar Misr on Saturday to discuss future investments by prominent Emirati businessman Mohamed Alabbar, the investment ministry said.

Alabbar founded and has led Emaar Properties of Dubai, Emaar Misr's parent company, since its inception in 1997. The UAE investor was meant to lead a mega-project to build a new capital 45 km (28 miles) east of Cairo, but Egypt and Alabbar failed to close a deal in 2015.

Investment Minister Sahar Nasr and the head of Emaar Misr inspected the proposed site for a project in the northern region of al-Alamein, the statement said without giving further details about the project.

 

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