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01 Dec
00:00

Egypt awaits massive housing project to boost rebar demand

Negotiations to implement a $40 billion project for one million housing units in Egypt have been slowed by board changes at United Arab Emirates-based construction giant Arabtec Holding, according to Egypt’s housing ministry. Arabtec signed in March a memorandum of understanding with Egypt’s government to carry out the project in 13 locations across Egypt, an undertaking set to require substantial tonnages of rebar. The investment would also crea…
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