A consortium of five Egyptian real estate, contracting, marketing, consulting, and management firms is planning to execute a real estate project in Oman with investments of up to $1 billion.
Muscat, Oman © Mena Today
A consortium of five Egyptian real estate, contracting, marketing, consulting, and management firms is planning to execute a real estate project in Oman with investments of up to $1 billion, Al Borsa News reported, citing Chairman of Alshams for Contracting Shams El Din Youssef.
In addition to Alshams for Contracting, the consortium comprises Alexandria Company for Investment and Development, the real estate marketing firm Real Mark, Construction and Project Management Consultancy, and another contracting company specialized in infrastructure projects, Youssef pointed out.
The consortium is currently in talks with the Omani government over the timeline and final investments of the project, he added.
He noted that the Omani government proposed the project to Alexandria Company for Investment and Development to benefit from the expertise of Egyptian firms for the development of an integrated city that includes residential, commercial, and administrative units.
Spanish police said on Tuesday they had dismantled an illegal banking network that served some of Europe's biggest cocaine traffickers, arresting 21 people in several countries including in the Middle East and uncovering assets worth €20 million ($23.2 million).
Israel's Ministry of Finance released a set of headline macroeconomic indicators ahead of Rosh Hashanah, the Jewish New Year, a major holiday marking the start of the Hebrew calendar year and traditionally a moment for reflection and stocktaking, including on the state of the economy.
Vision Bank, the Islamic bank headquartered in Abu Dhabi Global Market (ADGM) and wholly owned by GII Group, has announced the launch of a new SME financing proposition, marking a significant milestone in the Bank's strategy to support modern businesses with solutions tailored to how companies operate, trade and grow.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.