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Orascom, Emaar eye Egypt site
- Egypt: Saturday, July 08 - 2006 at 08:11
Egypt's Orascom Hotels and Development and Dubai based Emaar Properties have both tendered bids for a prime real estate site on the Egyptian coast at Sidi Abdul Rahman and Al Alamein, according to agency reports. The land, which could be developed into a tourist resort, is being sold by the Egyptian government's tourism company Egoth. Emaar has thus far made no comment on the bid.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, July 08 - 2006 at 08:11 UAE local time (GMT+4)
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This article was updated on Sun Jan 14 2007.
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