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03-04-14

Dubai's Arabtec appoints CEO to manage USD40 b Egypt's project

(MENAFN) Dubai-based construction giant Arabtec Holding plans to construct one million homes for Egypt worth USD40 billion, according to Arabian Business. Under a deal between Arabtec and Egypt, CEO Sami Asad was appointed to be responsible for delivering the houses. Arabtec said that it will develop and construct in 13 locations across Egypt, the biggest project of its kind in the region.