Emaar Misr’s subsidiary to develop EGP 900B project in Red Sea

Updated 9/7/2025 1:56:00 PM
Emaar Misr’s subsidiary to develop EGP 900B project in Red Sea

Arab Finance: Sky Tower for Real Estate Development, a unit of Emaar Misr for Development, signed a deal with Golden Coast for Hotels, Tourist Villages, and Entertainment to develop an integrated tourism project, as per a statement.

With expected investments of approximately EGP 900 billion, the development scheme covers an area of 2,426 feddans in the Red Sea.

The consolidated profits after tax attributable to the parent of Emaar Misr for Development dropped by 48.80% to EGP 3.914 billion in the first half (H1) of 2025 from EGP 7.646 billion in H1 2024.

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