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Elham AbolFateh

Egypt

PM discusses investment in Egypt with Emaar Group

Thursday 19/July/2018 - 04:23 PM
Mostafa Madbouly
Mostafa Madbouly
Ahmad El-Assasy
Prime Minister Dr. Mostafa Madbouly met UAE businessman Mohamed Alabbar، Chairman of Emaar Group today. They discussed investment opportunities in Egypt. The Group Vice chairman Gamal Ben Thanayan and “Emaar Misr” Chairman attended the meeting. 

At the beginning of the meeting، Madbouly confirmed that Egypt has succeeded in providing an attractive environment for investment. He added that Egypt has a promising market and the investment in Egypt is profitable. Madbouly continued saying that the government succeeded to solve many investor’s problems in the previous period.

Alabbar congratulated Dr. Mustafa Madbouly on his role as Prime Minister، wishing him success in his mission. He pointed out that Emaar Group is currently increasing its investments in Egypt. 

He said "A few days ago we opened a hotel for the group in the Northern coast of Egypt”. “The sale of some hotel units began two days ago، the sale is going well، and we are currently working on the implementation of other hotels." 

Alabbar added that a meeting was held with the New Administration Capital (NAC) developing company's officials. The meeting was held to discuss getting areas for a project in NAC. 

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