Thursday, Jul 12, 2007

BEIRUT (Zawya Dow Jones)--Emaar Misr for Development, the wholly-owned subsidiary of UAE-based Emaar Properties (EMAAR.AI) has announced Cairo Gate, a lifestyle and entertainment mall to be developed in Egypt for 4 billion Egyptian pounds ($700 million) at the Cairo-Alexandria Desert Road project.

A statement issued by the company said that Cairo Gate will cover an area of 670,000 square meters.

-By Cynthia Darrous, Zawya Dow Jones, +961 1 985757, Cynthia@zawya.com

Copyright (c) 2007 ABQ Zawya Ltd.

(END) Dow Jones Newswires

12-07-07 0339GMT