(MENAFN) Arabtec's chairman is set to meet officials of Egypt's housing ministry to renegotiate terms of USD40 billion housing plan, Arabian Business reported.
Egypt's housing minister is in talks with Dubai-listed Arabtec in hopes of reaching a final deal on a plan to build a million homes before a March 13-15 investment conference.
The Egyptian housing project is a part of economic and political support to Egypt by the UAE, which has provided billions of dollars in aid to Cairo since the Islamist President was ousted in 2013.
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