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Abraj Misr appoints SIAC as ‘The Gate’ contractor

CAIRO / EMIRATES BUSINESS Egyptian real estate company Abraj Misr signed a 1.1 billion Egyptian pounds strategic partnership with SIAC holding to carry out the construction works for its first and largest residential, administrative, smart and eco-friendly project, which is dubbed as ‘The Gate’. The 400.000 sqm project is set to be completed within 24 months. Placed in the heart ...

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Bahrain’s bourse sets up REITs market

Manama / EMIRATES BUSINESS Bahrain’s stock exchange has established a market for real estate investment trusts (REITs), it said. Under the plan, REITs licensed by the central bank can be listed and traded by investors in the secondary market. The details of the market and the trading mechanism of REITs will be announced later, the statement said. While REITs are ...

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Manila outsourcing boom spurs offices in quarter century

Bloomberg Philippine builders are adding the most office space in Manila in at least 26 years, catering to companies such as American Express Co. and International Business Machines Corp. that are outsourcing more jobs to the Southeast Asian nation. About 710,000 square meters of office space will be built in the Philippine capital this year and more than 780,000 square ...

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