Dubai-based Emaar Properties is expected to play a key role in building a new capital city in Egypt, the country’s Prime Minister has said.
Ibrahim Mehleb made the announcement during a press conference in Dubai during which he also said relations between the UAE and Egypt are growing stronger.
“Egyptian people will never forget the firm stand the UAE took in their support,” Mehleb said in comments published by news agency WAM, without giving further details about the plans for the new city or Emaar’s involvement.
The Egyptian Prime Minister also underlined the significant growth of Emirati investments in Egypt after the removal of all the obstacles that investors faced, WAM added.
Continue reading at Arabian Business:
Dubai’s Emaar ‘to play key role’ in building new Egyptian capital
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