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Cairo, Egypt - Sept 16th 2022: High Angle view of Downtown Cairo during rush hour with cars in traffic jams on highways as commuters try to get home after work. Scene of dense traffic stood still on bridges in the Egyptian capital. Traffic continues to be a city problem including pollution and climate change.
Arab Finance: The real estate solutions provider Adeer International has signed an agreement with Hassan Allam Properties (HAP) to develop the first mixed-use residential, commercial, and administrative project in East Cairo, with initial investments ranging between $100 to $150 million, Hapi Journal reported.
On a related note, Adeer Holding is currently developing three clubs in Saudi Arabia, in partnership with Egypt’s Melee Development, with investments of SAR 1 billion, Adeer International’s CEO Bassel El-Serafy told Asharq Business.
The clubs are set to be established on 50 to 80 feddans in Riyadh, Jeddah, and Al Khobar.
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