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Emaar Misr a unit of Dubai's Emaar Properties offered 12.99 per cent of its shares in an initial public offering.
Eradicating' slums from Egypt could cost up to LE250 billion, says ministry official.
The project will prioritise slum areas in Upper Egypt's Minya governorate and Cairo's Manshiyet Nasser district.
International Infrastructure Projects
Contradictory reports have surrounded project since its announcement.
Market Research Report on "Global Alzheimer’s Disease Drug Market Analysis and Forecast to 2023 - Event Driven update" is a professional and deep res
A proposal suggests the government provide lands for the real estate developers in exchange for 15% of housing units as payments for the land.
Professional Industrial Hygienist Phillip Fry recommends mold inspection, testing, and remediation in any Midwestern home or workplace wherein some of
Ministry of Housing plans to allocate 20% of the loan to fund housing unit rents.
SODIC is targeting sales of 4bn EGP ($524 million) this year, up from 3 billion in 2014. The company targets upper middle income consumers.
The company is due to list and trade on the Egyptian stock market on July 2, but the date is subject to change.
The company arranged the loan with Banque Misr, the National Bank of Egypt , and the Arab African International bank.
Negotiations with Emirati investors facing huge challenges, but ministry insists on establishing the project even if negotiations fail, says Abbas.
The agreement was made at the Economic Summit that was held in March.
The plan to build the new Egyptian capital was to be finished within five to seven years at a cost of $45 billion.
Listing real estate companies allows them to increase capital to compete with foreign companies.
Ezz Steel had reported a net profit of 527.89 million pounds in the previous year
Last month Palm Hills said it had completed a 1.62 billion Egyptian pound share sale to fund growth.
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