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Wednesday, 12 April 2017

United World Infrastructure in talks to develop USD 500 mn economic cluster in Egypt

Dubai and Washington-based infrastructure investment company United World Infrastructure (UWI) is in talks with Egypt to invest USD 500 mn in a series of economic renewal development projects in Cairo. These include plans for urban redevelopments of parts of the city, and presumably the construction of a new suburb, Thomson Reuters reports. The project would span at least 2,000 acres, according to UWI’s managing director Aaditya Sarna. The company is currently drawing up financial offers and a master plan for the development.

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