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Egypt in talks with UAE firm to build $500 million economic hub
2017/04/18
April 16, 2017
The Egyptian government is now looking to private firms like UWI to help bridge funding gaps and work in partnership with to acquire, invest, design, build and operate new real estate and infrastructure projects.
 
US and Dubai-based infrastructure investment and development firm United World Infrastructure (UWI), has announced that they are currently discussing the development of a new economic cluster in Egypt, with an investment of more than $500 million.
 
Aaditya Sarna, Managing Director of UWI, told in a media interview that the company was in the process of negotiating to work on infrastructure projects in Egypt. He explained that the ‘economic cluster’ would include urban renewal, a new township and an annexure to Cairo. “The minimum size would be 2,000 acres, while the investment would be in excess of $500 million.”
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