Emaar Misr acquires 25% of the shares of Eagle Hills Egypt for project management and investment, Invest-Gate reports.

After the acquisition, Emaar Misr partners with Eagle Hills Egypt in order to develop a residential, touristic, and commercial project in the North Coast.

Last June, the general assembly of Emaar Misr approved cooperating with Eagle Hills Egypt for a residential, touristic, and commercial project in the North Coast, by purchasing 25% of the company’s shares in the nominal value of the share, with EGP 15,625 per share.

It is noteworthy that Emaar Misr launched a new project with $3 bn investment last July. The project features 2,500 residential, commercial, and tourist units.