The Oyo Ibada project stretches over 43 km with a width of 12.45 m for each side of the road.
The agreement includes design, procurement, and installment works for the project.
Luxury communities in Dubai, including Emirates Hills, Jumeirah Bay Island, and Palm Jumeirah, surge 44% YoY in 2022.
The exhibition, being held under the auspices of the Dubai Land Department, will take place from February 12th to 14th.
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.
As of December 2022, Dubai’s average apartment prices registers AED 1,168 per sq ft, and average villa prices hits AED 1,385 per sq ft.
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 recent deal is a part of the company's $100 mn in investments dedicated to the Saudi market.
The company is planning to launch a series of real estate projects in East and West Cairo.
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