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Emaar eyeing up state-owned New Alamein towers. Plus: PFI-owned Red Sea global looks toward Egypt
The Emaar chairman stated that the company is committed to making further investments in the country
Eagle Hills signs up Hassan Allam to work on new North Coast development. PLUS: New anti-money laundering regs + news from Madinet Masr, Misr Life Insurance and SAIB.
Orascom Construction is also working on the project under a contract signed last week
Singapore chemicals firm to invest USD 700 mn in 2 factories. PLUS news from BP, Orascom Construction, aiBank, Glamera, and Waterway Developments.
PLUS: BP to drill four exploratory gas wells in the Mediterranean before the end of the year
Mohamed Alabbar wants to redevelop gov’t buildings in downtown Cairo. PLUS: New oil find, more wheat incoming + budget flights from London to Cairo
Alabbar’s Emaar is planning to expand its presence on the North Coast