Arab Today, arab today egypt approves 1m housing units project with uaes arabtec
Last Updated : GMT 10:42:23
Arab Today, arab today
Arab Today, arab today

Egypt approves 1m housing units project with UAE's Arabtec

Arab Today, arab today

Arab Today, arab today Egypt approves 1m housing units project with UAE's Arabtec

UAE's Arabtec
Cairo - MENA

The Egyptian government on Wednesday approved the UAE's Arabtec demand to carry out a one million housing units project.
Under the deal, the government will provide the land while the company will develop the infrastructure of the project.
The terms of the deal stipulate the profits of the company would not exceed 7.5 percent of the project's cost.
The project will be implemented in five years, the deal says.

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