Emaar properties announces intention to float subsidiary Emaar Misr.

Position:Briefs: North Africa - Brief article
 
FREE EXCERPT

Emaar Misr for Development, the Egyptian subsidiary of Dubai's Emaar Properties and developer of high-end residential properties, plans an initial public offering on the Egyptian Stock Exchange.

Finance raised will be used to develop existing projects including the construction of Emaar Square in Uptown Cairo, international marina and hotels in Marassi, and retail and office space in Mivida. It will also fund pre-launch costs in the development of Cairo Gate and be used to acquire land for...

To continue reading

REQUEST YOUR TRIAL