Arab Finance: Egypt-based Safwat Kaliouby Group (SKG) holding company and UAE’s KSH Investment Company have sealed a partnership agreement worth EGP 24 billion to develop a real estate project on the Nile in Cairo, according to the Middle East News Agency (MENA).
The deal covers establishing three residential and commercial towers and a five-star hotel on a 20,000-square-meter area overlooking the Nile's Warraq Island, MENA said.
The project is expected to be finalized within four years.