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Country-Plan Projects and Tenders |
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5790 Subject |
3.2 مليار دولار لشركة قابضة للمجتمعات العمرانية الجديدة لعدد 20 مدينة جديدة An orientation towards establishing a (new) Holding Co. for New Urban Societies would pave the way to liberalize real estate investments in 20 new cities worth $ 3.2 billion (about L.E. 20 billion). |
| Date Published | Saturday, April 03, 2004 |
| Source Name | Asharq Al Awsat |
| Location Name | Country Wide |
| Description | An orientation towards establishing a (new) Holding Co. for New Urban Societies would pave the way to liberalize real estate investments in 20 new cities worth $ 3.2 billion (about L.E. 20 billion). It would also enable convert the government indebtedness to the National Investment Bank into shares of the Bank in the new company, said to be worth $ 1.4 billion (about L.E. 9 billion). The Housing Committee of the People Assembly recently reviewed the proposal. |
| Sectors Section |
Beneficiary Sectors - Construction Projects Residential Buildings - Economy Economy |
