Emaar appears to have hit a snag in talks to buy 1,500 feddans in the new capital

Emaar Misr appears to have hit an impasse in talks to buy 1,500 feddans in the new capital with the New Administrative Capital Company for Urban Development, according to Al Shorouk. The state-owned company is not budging on selling the land to Emaar Misr for less than EGP 4,000 per sqm. Emaar Misr has offered EGP 3,500 per sqm.