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Tuesday, 16 April 2019

Egyptian real estate player El Attal to reportedly invest USD 600 mn in Dubai residential project

Egypt-based real estate developer El Attal Holding is reportedly planning to launch a residential project in Dubai at a cost of USD 600 mn, Chairman Ahmed El Attal said, according to Hapi Journal. El Attal provided no further details, saying they will be made public soon. The company launched earlier this year its three-phase EGP 4 bn Park Lane New Capital residential compound. It is also mulling an EGX listing sometime next year, and is planning to launch an EGP 5 bn project in New Alamein and an EGP 3 bn project in Ain Sokhna.

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