Kuwait’s Manazel unit in Egypt inks deal with Sabbour firm

Land Mark will be responsible for developing Layan for $12.82mln


Mubasher: Manazel Holding announced that its subsidiary in Egypt, Manazel for Real Estate Development – Egypt, has signed a contract with Land Mark Real Estate Development which is one of the companies owned to Sabbour Family.

The Kuwaiti company has inked the real estate contract to develop the service area no. (4) in Layan compound, according to a bourse statement on Monday.

Land Mark will be responsible for developing, promoting, and selling Layan project for a value of EGP 228.67 million or KWD 3.88 million ($12.82 million).

Manazel clarified that this value will be collected in installments during a three-year period.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Construction