Abu Dhabi’s Imkan

 Real estate developer Imkan – the company working on Nudra, Sheikha Fatima Park,and Thanaya in Abu Dhabi – and has acquired a 67ha plot for a residential district in Egypt’s New Cairo District through an agreement valued at $302m (AED1.1bn), with Ahmed Fathallah named chief executive officer of Imkan Misr, the Egyptian arm of its real estate business, which CEO Walid El-Hindi stating the developments underscore “the positive direction Egypt’s real estate industry is moving towards”. Imkan Misr is working on Alburouj, a residential development on which delivery will start in August 2019. 

The 500ha Alburouj includes a schools, a retail centre, a ‘smart village’ office park, and a sports hub.