Al-Futtaim Group and Emaar Properties, two real estate developers from the United Arab Emirates, plan a 5 billion Egyptian pound tie-up to build a retail and entertainment complex outside Cairo, Al-Futtaim said on Tuesday.
The companies said they reached a preliminary decision to develop the "Cairo Gate" complex on 160 acres of land off the Cairo-Alexandria desert highway, a statement said.
A shopping mall would be the centrepiece of the development, complemented by an office park, luxury hotel, schools, medical facilities and residential space.
No comments:
Post a Comment