The Clap
Emaar Misr (EMFD) is set to start a new project worth $3 billion that will see new residential, commercial, and touristic units be built within two years.
The Deets
Mohamed Alabbar, founder of Emaar, stated that this new project will increase Emaar’s investments in Egypt to EGP 250 billion, equivalent to around $13.2 billion.
In related news
Emaar Egypt had agreed in June 2022 to take part in a residential, commercial, and touristic project in collaboration with Eagle Hills. They look to either acquire 25% of Eagle Hills or form a partnership agreement that will see it earn 25% of the project’s returns.
Emaar to invest in new project 💰
