Egyptian Resorts takes back land plot
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Egyptian Resorts takes back land plot

Egyptian Resorts takes back land plot

Real estate firm Egyptian Resorts has announced it is to take back a piece of land the company sold for about $11m after the buyer failed to meet sale requirements, Reuters has reported. The sale of the 80,900 square metre plot, which had been made at about $139 per square metre, fell through after the buyer failed to meet some largely procedural requirements, investor relations manager Abu Bakr Makhlouf said. "There were several other issues than just the financial issues," he said.

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    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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