Emaar Willing to Invest in New Administrative Capital

Monday, 31st July 2017

UAE-based real estate developer Emaar Properties is willing to pump investments into the New Administrative Capital, Alamein City and South Sinai, Invest-Gate reports.

Emaar’s willingness was manifested during a meeting between Minister of Investment and International Cooperation Sahar Nasr and Chairman of Emaar Properties Mohamed AlAbbar.

“We are willing to increase our investments in the New Administrative City and New Alamein City, as well as pumping more money in a number of projects in Cairo and South Sinai,” AlAbbar says.

Meanwhile, a statement issued by the Ministry of Investment and International Cooperation says that Egypt will unveil an investment roadmap in a number of governorates.

Nasr says that the investment opportunities include 600 projects such as new airports, ports, and free industrial zones.

Share your thoughts

Please Enter This Code: