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23-08-16
Egypt-Emtelak aims USD675m investments
(MENAFN) Egyptian real estate developer Emtelak is predicted to achieve investments returns of USD675m for the projects that will be applied amid the next phase.
Furthermore, the project will use self-funding, partnership system and contractual sales as the result of the difficulty of relying on banking funding.
Accordingly, these projects involve carrying out a tourist hotel project in Ain Sokhna, almost 120 Kilometers ease of Cairo with investment of USD180.2mn.
Meanwhile, the firm is planning to apply a commercial administrative project in Sheikh Zayed city over 30 feddans.
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