24.05.2010 - ADIBís Burooj invests in Egypt
From Cpifinancial.net: Burooj Properties, the real estate arm of Abu Dhabi Islamic Bank (ADIB), has announced the commencement of the sale of residential units at the Village Garden Katameya project situated in east Cairo. ADIB's Burooj recently signed a cooperation agreement with Palm Hills Developments (PHD), a real estate developer in Egypt, which is listed on both the Egypt and London Stock Exchanges. The agreement covers the sale of 425 units of Palm Hills Developmentís Village Garden Katameya project, with a total value of EGP 315 million ($55.8 million)........................................Full Article: Source
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