Browse related articlesEmaar Egypt will not extend payment plans
Egypt: Tuesday, November 25 - 2008 at 12:21
Emaar Egypt will not extend payment plans, unlike its parent company in Dubai, CEO Sameh Muhtadi said. Emaar Egypt is also not considering layoffs at this point, but rather is looking to hire personnel with specific skills in certain divisions that can help the company weather the economic downturn, Muhtadi added. The company has two projects underway in Egypt: Marassi on the North Coast and Uptown Cairo in the Moqattem Hills. It is also expects soon to launch a third, Cairo Gate, on the Cairo-Alexandria road, reported Daily News Egypt.
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Jeff Florian, Senior ReporterTuesday, November 25 - 2008 at 12:21 UAE local time (GMT+4)
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