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4-Traders Homepage  >  Equities  >  DUBAI FINANCIAL MARKET  >  Emaar Properties PJSC    EMAAR   AEE000301011

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Egypt: Sahar nasr :UAE's Emaar Plans to Pump New Investments in Egypt

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08/02/2017 | 02:46am CEST

Investment and International Cooperation Minister Sahar Nasr had a meeting with Mohammed Alabbar, the founder and Chairman of Emaar Properties PJSC, to discuss pumping new UAE investments in Egypt.

During the meeting, Alabbar expressed keenness on beefing up investments in Egypt, particularly in the new administrative capital and the new El Alamein city, within the coming period, as well as setting up new projects in Cairo and South Sinai.

Alabbar also voiced keenness on shoring up Egypt's economy and securing jobs for youth.

For her part, Nasr lauded Emaar company's investments in Egypt and its role in achieving development and securing job openings.

The Investment Ministry will soon announce an investment map that includes nearly 600 investment opportunities in the country, Nasr said.

She further stressed that her ministry took measures to improve the investment climate and help lure more foreign and Arab investments to the country.

The two sides also agreed on coordinating with other ministries on projects planned by Emaar in the new administrative capital, the new El Alamein city, as well as Cairo and South Sinai governorates.

(c) 2017 Universal Solutions S.A.E. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( AED)
Sales 2017 17 686 M
EBIT 2017 6 268 M
Net income 2017 5 941 M
Finance 2017 3 188 M
Yield 2017 1,97%
P/E ratio 2017 10,68
P/E ratio 2018 9,29
EV / Sales 2017 3,36x
EV / Sales 2018 2,69x
Capitalization 62 648 M
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Emaar Properties PJSC Technical Analysis Chart | EMAAR | AEE000301011 | 4-Traders
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Average target price 10,4  AED
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Amit Jain Chief Executive & Operating Officer
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Ahmed bin Jamal bin Hassan Jawa Non-Executive Director
Ahmad Thani Rashed Al-Matrooshi Director
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