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$1.9bn Al Futtaim Egypt venture
- Egypt: Saturday, May 06 - 2006 at 10:34
Al Futtaim, the UAE-based business group, has announced plans to invest $1.9bn in a real estate project in Egypt, reported Gulf News. The development, in New Cairo City, will include a 1.5m sqft retail park, two hotels, an office park and a 1,500 villa residential complex. Al Futtaim is also set to open a Toyota dealership in Egypt.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, May 06 - 2006 at 10:34 UAE local time (GMT+4)
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