Emaar Misr, a subsidiary of Emaar Properties, plans to invest $ 861 million in residential and commercial project Emaar Square in Cairo, reports arabianbusiness.com . The complex is part of a large development project called Uptown Cairo, the cost of which would be about $ 20 million. In the Sunday, February 16 Emaar has signed agreements with the Ministry of Defence and the Egyptian Ministry of Investment Cairo. Since then, as the ex-President Hosni Mubarak was overthrown in 2011, political and economic situation in the country is not stable, and the Egyptian government is trying to attract as much foreign investment as possible. In 2013, the interim government has received a loan of $ 12 billion from the Arab Gulf. This year in Egypt are expected to scale the presidential and parliamentary elections, which should resolve the political crisis and to improve the economic situation in the country. HomesOverseas.ru
Emaar will invest $ 861 million in a new project in Egypt
21.02.2014
Homesoverseas.ru editorial office
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