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Thndr Claps » EGY Claps » Real Estate 🏡 » ACAMD to discuss RAMW’s offer 🗣

ACAMD to discuss RAMW’s offer 🗣

by Omar El Shorafa
August 3, 2022

The Clap
Arab Co. for Asset Management And Development (ACAMD) will discuss the memorandum of understanding regarding the partnership offer submitted by RAMW in developing a piece of land owned by ACAMD.

The Deets
RAMW had submitted an offer to ACAMD in May to partner up in developing a 25,000 m2 piece of land in Al Gharbia.

The offer includes collaborating on a commercial touristic project on the piece of land over 5 years, with a 35% stake in the revenues. 

The estimated financial offer from RAMW shows that:
-In the case of a 4-story building, the revenue will be EGP 4.2 billion.
-In the case of a 6-story building, the revenue will be EGP 5.8 billion.
-In the case of an 8-story building, the revenue will be EGP 6.7 billion.

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