Alabbar interested in expanding investments in Al Alamein

INVESTMENT WATCH- “Mohamed Alabbar is interested in making a large investment in Al Alamein,” Emaar Properties CEO Mohamed El Dahan told Investment Minister Sahar Nasr and Housing Minister Moustafa Madboulyin a meeting on Saturday. The three explored some of the possible projects available there for Emaar, including development on New Al Alamein. The move is part of a wider push by Alabbar into Egypt, which will include projects in the New Administrative Capital, Cairo, and South Sinai, El Dahan said at the meeting. The Emaar founder had expressed interest in investing in Egypt at a meeting with Nasr last week. Reuters also has the story.