The leading and most progressive property developers - Emaar Misr is targeting boosting its volume of investments in Egypt up to EGP 53 billion through making more expansions in its currents projects in order to create more job opportunities for Egyptians, the company's CEO said. Mohamed El Dahan, the CEO of Emaar Misr, said the firm plans to establish a number of hotels, huge shopping malls besides more entertainment and tourist destinations. El Dahan has emphasized on Emaar Misr's confidence in the Egyptian economy's ability to recover and achieve progress in the medium and long run. Emaar Misr will continue to carry out its projects in Egypt and has never had the intentions to halt its businesses due to the country's political and economic turbulences, El Dahan added. He also said Emaar Misr has never had the intentions to halt its operations in the country, noting that it will continue to carry out its projects in the country, despite the current political and economic turbulent situation. The CEO further stressed that Emaar Misr has managed to affirm its deep commitment towards the Egyptian market as it is working on delivering its projects; Marassi and Uptown Cairo - which is shown to be the sole comprehensive property project designed in the heart of Cairo. Emaar Misr will be also starting to deliver its Mivida project within the current year.
