1494
$40b Egypt Housing Project
World Economy

$40b Egypt Housing Project

Dubai-based construction company Arabtec is close to completing the planning and design stage of its $40 billion deal to build one million homes in Egypt, the company said. Arabtec originally announced in March that it had agreed with the Egyptian army to build the homes at 13 locations around the country on land provided free by the armed forces. Construction was to start in the third quarter of this year, with the first homes to be delivered in early 2017 and the whole project to be completed before 2020.

 

Short URL : http://goo.gl/1ASuiO

You can also read ...

World Stocks Stumble as US Yields Near 3% Barrier
World stocks slipped on Monday as investors braced for a...
Asean: Reconciling Consensus With New Realities
Asean’s rapid expansion in the 1990s further deepened...
Retail sales in Vietnam rose nearly 11% last year to $129 billion.
Vietnam is set to remain the fastest-growing major country in...
Germany’s industrial production, exports and retail sales declined in the first quarter, signaling that growth had slowed down.
The outlook for business activity in Germany’s private sector...
Truth and Transparency Key to Rebuilding Trust
The International Monetary Fund welcomed calls from the US...
Slightly weaker data on industrial production, retail sales and construction suggest the eurozone is going through a period of slightly lower economic growth  in the first months of 2018.
When will the European Central Bank join the US Federal...
DXB Entertainments, the operator of Legoland Dubai, last month announced the restructuring of $1.1 billion worth of debt.
There has been an uptick in recent months in heavily-borrowed...
Angola Growth Revised Upwards
Angola’s economy is expected to grow by 2.2% this year and 2.4...

Trending

Googleplus