Home / News / UAE / Four groups have joined forces to form a real estate development company in Egypt called “The Arc” for development, with a paid-in capital of 500 million Egyptian pounds (25.39 million dollars). On Tuesday, the CEO of the new company, Osama Abu Alam, announced the official launch of the company in partnership between Al-Arjani Group, Al-Safi Group, Arabella Group, and Abdul-Maqsoud Group. He said: The new project covers an area of ​​92 acres, and it is targeted to build about one million square meters of buildings for commercial, administrative, residential and hotel purposes.

Four groups have joined forces to form a real estate development company in Egypt called “The Arc” for development, with a paid-in capital of 500 million Egyptian pounds (25.39 million dollars). On Tuesday, the CEO of the new company, Osama Abu Alam, announced the official launch of the company in partnership between Al-Arjani Group, Al-Safi Group, Arabella Group, and Abdul-Maqsoud Group. He said: The new project covers an area of ​​92 acres, and it is targeted to build about one million square meters of buildings for commercial, administrative, residential and hotel purposes.

The Kingdom of Bahrain commended the good efforts made by His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the State, may God protect him, to reach a peaceful solution to the Ukrainian crisis through dialogue and diplomatic means, noting the talks held by His Highness in Moscow with Russian President Vladimir Putin, within the framework of keenness His Highness to continue the unremitting efforts to stop the war in Ukraine.

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