Organi Group, Qatari Diar ink deal to implement New Cairo’s City Gate project

Updated 6/23/2024 1:43:00 PM
Organi Group, Qatari Diar ink deal to implement New Cairo’s City Gate project

Arab Finance: Egypt’s Organi Group has signed a contract with Qatari Diar to implement City Gate project in New Cairo, sources in the know told Asharq Business.

The contract also covers the implementation of a residential tower project at St. Regis Cairo hotel and a hospitality project in Sharm El-Sheikh and Hurghada.

Under the contract, Qatari Diar will execute and manage the projects, while Organi Group and others will act as partners.

It is worthy to note that City Gate project spans an area of 8.5 million square meters, with expected investments of $12 billion.

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