INVESTMENT WATCH- Oriental Weavers Group subsidiary Oriental Urban Development is planning to invest EGP 450 mn in the Side Walk Mall in New Cairo alongside real estate marketing firm B2B, said Oriental Weavers founder Mohamed Farid Khamis. He tells Al Mal that Oriental Urban is also looking to buy 50 feddans in the North Coast to build a resort in 2018. He made no mention of the company’s plans to IPO in 2018, which he had previously revealed back in May.

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