Emaar Chairman Mohamed Alabbar met with Tourism Minister Rania Al Mashat on Thursday to discuss future investment plans in Egypt, which include a plan to spend EGP 6 bn to develop six hotels by 2021 in the company’s North Coast project Marassi. Elabbar also met with Prime Minister Mostafa Madbouly to discuss the UAE-based company’s plans to increase its investments in Egypt in the coming period, Al Shorouk reports. This came after the businessman said last week that he was planning to double Emaar’s local investments to EGP 100 bn over the next five years.

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