Safwat Kaliouby, UAE’s KSH to develop EGP 24B real estate project in Cairo

Updated 7/10/2024 8:28:00 AM
Safwat Kaliouby, UAE’s KSH to develop EGP 24B real estate project in Cairo

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.

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