Talks include injecting investments for the acquisition of land owned by the company in a group of areas in Egypt, sources add.
AD Ports develops and manages Ain Sokhna port with investments of up to $1.2 bn.
The project overlooks the Middle Ring Road and has a total area of 70 feddans, Abdel Khalek says.
The Downtown area incorporates 40 buildings, including 1,320 units, the minister unveils.
CEO of Infinity Phoenix Mohamed El Saidi says that the company’s main goal of organizing foreign exhibitions is exporting real estate in its integrated sense.
The new lines serve the 8th industrial zone in the city which includes 1,076 plots dedicated to different activities.
The deal paves the way for the integration of the next stage of brokerage standards in Egypt and for the provision of an exceptional customer experience.
The CEO of Arqa, Ahmed Gamal Al-Dein, adds that the partnership with ACE Moharram-Bakhoum is a strong addition to the project, as the company enjoys a real estate product with all operative elements.
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