Cabinet Ratifies Building Investment Zone in Uptown Cairo

Cabinet Ratifies Building Investment Zone in Uptown Cairo

The Egyptian Cabinet has approved Emaar Misr’s request to implement a 64-acre investment zone in its flagship project on east Cairo’s Mokattam Hills, or “Uptown Cairo,” Invest-Gate reports.

The latest addition is divided into two land plots, the first of which spreads over 58 acres and the second over 6 acres, according to the Cabinet statement on July 29.

The new development is set to comprise commercial, residential, administrative, entertainment, hospitality, and services facilities, the statement further noted.

Earlier, Emaar Misr announced its plans for a new EGP 40 bn investment zone in Greater Cairo, according to a previous press release.

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