A Kuwaiti company for land reclamation in Egypt

Head of the board of directors of the Kuwaiti real estate company Uniglobe, Gamal El-Esah, announced yesterday evening in Cairo the establishment of a Kuwaiti - Egyptian company for reclaiming agricultural lands in Egypt that works under the Egyptian investment law with a capital of 5 million Egyptian pounds. He said the company's actual activity will start at the beginning of the coming year, adding that the company's activity extends to purchasing the unreclaimed lands and establishing new agricultural areas. 80% of the Kuwaiti investors have investments in the Egyptian real estate market.