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Sunday, 7 June 2020

Emaar Misr to build new EGP 40 bn development in Greater Cairo

INVESTMENT WATCH- Emaar Misr is looking to build a new EGP 40 bn investment zone in the Greater Cairo area, a cabinet statement said on Thursday. The 64-feddan development will feature commercial, residential, hotels and services facilities. The government is currently considering three other proposals to set up investment zones, the statement added without providing additional information.

Separately, Chinese garment firm Handa is looking to set up a factory worth USD 20 mn in Belbeis, Sharqiya, to produce clothes to export to Europe and the US, the statement added.

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