Egypt - Emaar Misr for Development (EMFD), a subsidiary of UAE's Emaar Properties, obtained the Cabinet’s approval on July 29th to establish an investment zone at Uptown Cairo in Mokattam.
The 64-feddan project is divided into two land plots, the first of which spans across 58 feddans and the second over 6 feddans.
The new development will boast residential and administrative units, commercial and entertainment spaces, hotels, and other service facilities.
Earlier, Emaar announced its plan for a new EGP 40 billion investment zone in Greater Cairo.
The real estate company recently inaugurated the EGP 950 million Address Marassi Golf Resort in Sidi Abdelrahman bay on the North Coast.
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