Egypt aims to reduce debt-to-GDP ratio below 85% over 3 years: Finance Ministry    Egypt's Al-Mashat arrives in Germany for Hamburg Sustainability Conference    Egypt's FM condemns Israeli actions in Lebanon, Gaza, calls for de-escalation    A year into Gaza war: Israel kills 42,000 Palestinians, destroys strip's infrastructure, economy    Nobel Prize in Physiology 2024 goes to Victor Ambros, Gary Ruvkun    Egypt awards 5G licences to Vodafone, Orange, e& Egypt    Chinese tech giant leads $13b semiconductor rally    India's c. bank likely to hold rates amidst economic uncertainty    Pakistan PM reaffirms support for Palestinians    UK house prices rise 0.3% in September – Halifax    Egypt's c. bank offers EGP 2b FRN T-bonds    Egypt, Sweden discuss explore cooperation in health investment    Egypt, League of Islamic Universities discuss bilateral cooperation in environmental issues    Forever Is Now 4th edition: Fusion of ancient, modern at Giza Pyramids    US to award $100m to advance AI in semiconductor manufacturing    Cairo Urban Week Kicks Off October 27: A Celebration of Sustainability, Art, and Urban Development    Korea Culture Week wraps up at Cairo Opera House    Colombia unveils $40b investment plan for climate transition    EU pledges €260m to Gavi, boosts global vaccination efforts    ABK-Egypt staff volunteer in medical convoys for children in Al-Beheira    Egypt's Endowments Ministry allocates EGP50m in interest-free loans    Kabaddi: Ancient Indian sport gaining popularity in Egypt    Ecuador's drought forces further power cuts    Al-Sisi orders sports system overhaul after Paris Olympics    Basketball Africa League Future Pros returns for 2nd season    Egypt joins Africa's FEDA    Egypt condemns Ethiopia's unilateral approach to GERD filling in letter to UNSC    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Egypt's FM, Kenya's PM discuss strengthening bilateral ties, shared interests    Paris Olympics opening draws record viewers    Former Egyptian Intelligence Chief El-Tohamy Dies at 77    Who leads the economic portfolios in Egypt's new Cabinet?    Financial literacy becomes extremely important – EGX official    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    Egypt records 36 new deaths from Covid-19, highest since mid June    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egyptian-Emirati partnership to develop $500 project overlooking Warraq Island
Published in Daily News Egypt on 10 - 07 - 2024

KSH Investment Group, affiliated with the Private Department of Sheikh Khaled bin Mohamed bin Zayed Al Nahyan (Crown Prince of Abu Dhabi), and Safwat Kaliouby Group (SKG), owned by Egyptian businessman Safwat Kaliouby, have signed a strategic partnership agreement to develop a project overlooking Warraq Island with a total investment of $500m.
The project will be situated in the Tanash area of Cairo, covering an area of 20,000 square meters. The development cost is EGP 24bn, equivalent to $500m.. It includes the construction of three high-rise residential and commercial towers, along with a five-star hotel. Completion of the project is expected within four years.
Abdul Jalil Abdurrahman Al-Balouki, Managing Director of the Private Department of Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, emphasized that this project reflects the private office's commitment to investing in strategic initiatives that enhance economic growth and create job opportunities.
Ahmed Mansour, CEO of the Private Department of Sheikh Mohammed bin Khalid Al Nahyan, highlighted that cooperation with the Egyptian SKG Group will contribute to achieving a shared vision for sustainable development, including other projects in Cairo, Sheikh Zayed City, the North Coast, and beyond.
Egyptian businessman Safwat Kaliouby, Chairperson of SKG Group, emphasized that this project represents a significant step in enhancing cooperation between Egypt and the UAE in the real estate sector. The project aims to introduce a new concept of modern living by providing integrated residential and commercial units, along with a luxury hotel catering to both local and international visitors.
Kaliouby further explained that the project's infrastructure enhancements in the Tanash area will contribute to improving the quality of life for residents and the surrounding community.


Clic here to read the story from its source.