Emaar Properties boss Mohamed Alabbar is looking to acquire a hotel in Cairo

** #2 INVESTMENT WATCH- Emaar Properties boss Mohamed Alabbar is looking to acquire a hotel in Cairo amid plans to grow his company’s investments in Egypt, Al Mal reports, citing unnamed sources. No details on the size of the potential investment or the name of the hotel were provided. The iconic UAE business leader reportedly expressed interest in the potential transaction to Tourism Minister Rania Al Mashat, according to the sources. Alabbar said in July he would invest EGP 6 bn to develop six hotels by 2021 at Marassi, his company’s North Coast resort. He had also said he aims to double Emaar’s Egypt investments to EGP 100 bn over the next five years.