Overseas property news - Uae to build 50,000 units in new egypt capital

Uae to build 50,000 units in new egypt capital

The UAE has agreed to build 50,000 units in Egypt's new capital.

The initial agreement, announced by Housing Minister Moustafa Madbouly on Saturday, will see Abu Dhabi-based Eagle Hills construct the units as part of the ambitious project to develop a new administrative capital.

The properties will be built over three years, with the first phase (entering water lines) to start within days.

Zawya

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