INVESTMENT WATCH- The Khamis family’s Orientals Urban Development plans to invest at least EGP 3 bn in projects based in new cities next year, Oriental Weavers founder Mohamed Farid Khamis tells Al Mal. Orientals Urban is also planning to begin working on the EGP 450 mn Side Walk Mall in New Cairo alongside real estate marketing firm B2B. Khamis also says the company has completed the first phase of its 5.5 mn sqm Oriental Coast project in Marsa Alam, and has begun work on its second phase.

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