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12-03-14

Dubai's Arabtec to build million home in Egypt

(MENAFN) Dubai-based Arabtec plans to build one million homes in Egypt in a USD40 billion deal that is expected to open the doors to a politically-inspired Gulf investment, according to Arabian Business. Egypt's economy is registering a slow growth from the turmoil that came after the 2011 revolution. Arabtec deal - one of the largest construction contracts ever announced in the region " regional governments are expected to serve their political and economic interests.