Egypt is doing “extremely well,” Mohamed Alabbar tells CNBC

Egypt is doing “extremely well,” Mohamed Alabbar tells CNBC: The Middle East has plenty of development opportunities despite geopolitical tensions and difficulties doing business, Emaar Properties Chairman Mohamed Alabbar told CNBC. “My view is that Morocco is doing well for us, I would say Egypt is doing extremely well; Saudi Arabia with all the restructuring going on, it's going to be a fabulous opportunity. In the UAE, we still expect to grow 20 percent on an annual basis,” Alabbar says. He is optimistic about the prospects this year, but expressed some caution regarding 2019. “The margins, the opportunities and the growth I've been having in the Middle East over the last 20 years — even if you make a mistake, it’s so worth it,” he says.