{"id":637805,"date":"2017-11-26T03:57:46","date_gmt":"2017-11-26T03:57:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/26\/emaar-al-baseeta-to-invest-egp-400-mn-in-new-cairo-project\/"},"modified":"2017-11-26T03:57:46","modified_gmt":"2017-11-26T03:57:46","slug":"emaar-al-baseeta-to-invest-egp-400-mn-in-new-cairo-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/26\/emaar-al-baseeta-to-invest-egp-400-mn-in-new-cairo-project\/","title":{"rendered":"Emaar Al Baseeta to invest EGP 400 mn in New Cairo project"},"content":{"rendered":"<p>Saudi developer Emaar Al Baseeta is planning a EGP 400 mn real estate project in New Cairo,<a href=\"https:\/\/alborsanews.com\/2017\/11\/25\/1067534\">CEO Hisham Al Shafei told Al Borsa<\/a>. The company has purchased 30 feddans in the area and is planning on raising funds from Saudi investors for the project. This is the company\u2019s first foray into Egypt\u2019s real estate market. The firm has also bought land in Madinet Nasr, Mansoura and 10 Ramadan for residential projects to be implemented in 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi developer Emaar Al Baseeta is planning a EGP 400 mn real estate project in New Cairo,CEO Hisham Al Shafei told Al Borsa. The company has purchased 30 feddans in the area and is planning on raising funds from Saudi investors for the project. This is the company\u2019s first foray into Egypt\u2019s real estate market. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637805","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"8ba3a443-6bae-45cd-88e0-f1d1c0afbf6d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[637778],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Emaar Al Baseeta to invest EGP 400 mn in New Cairo project - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/26\/emaar-al-baseeta-to-invest-egp-400-mn-in-new-cairo-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emaar Al Baseeta to invest EGP 400 mn in New Cairo project\" \/>\n<meta property=\"og:description\" content=\"Saudi developer Emaar Al Baseeta is planning a EGP 400 mn real estate project in New Cairo,CEO Hisham Al Shafei told Al Borsa. The company has purchased 30 feddans in the area and is planning on raising funds from Saudi investors for the project. This is the company\u2019s first foray into Egypt\u2019s real estate market. 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The donation was announced on Thursday\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596364,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/26\/emaar-misr-awards-arabtec-contract-to-build-two-communities-in-uptown-cairo\/","url_meta":{"origin":637805,"position":2},"title":"Emaar Misr awards Arabtec contract to build two communities in Uptown Cairo","author":"enterpriseam admin","date":"26 August 2019","format":false,"excerpt":"Emaar Misr has awarded Dubai-based construction company Arabtec a EGP 1.8 bn contract to build two residential areas in Emaar\u2019s Uptown Cairo project, Emaar said in a bourse filing (pdf).","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596918,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/11\/madbouly-cabinet-signs-off-on-el-nasr-emaar-settlement\/","url_meta":{"origin":637805,"position":3},"title":"Madbouly Cabinet signs off on El Nasr, Emaar settlement","author":"enterpriseam admin","date":"11 July 2019","format":false,"excerpt":"DISPUTE WATCH- Madbouly Cabinet signs off on El Nasr, Emaar settlement: The Madbouly Cabinet has signed off on the settlement agreement between property developers Emaar Misr and state-owned El Nasr Housing, according to a cabinet statement. 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