Emaar Misr – Marassi – A History « Downfall of the World's Premier Real Estate Development Company (Re-post)

Al Bawaba is the only media outlet publishing Emaar Misr’s press release on the “successful” completion of it’s beach club at Sidi Abdel Rahman.

“Developed at a cost of EGP 170 million”

Emaar spent 170 Million Egyptian pounds (approximately 21 million Euros) on a non-revenue generating club (except for a restaurant) for the residents of non-existent villas. Simply an atrocitiy. Well, remember this article? Might explain their motivation.