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Egypt signs $4.6 bln construction deal with Arabia Group: statement

CAIRO (Reuters) – Egypt’s housing ministry signed a construction deal worth about 35 billion Egyptian pounds ($4.6 billion) with Egyptian real estate developer Arabia Group, a statement from the Cabinet said on Tuesday. Initial agreement for the project in the eastern Cairo suburb of 6th of October City was made at a March investment summit in Egypt where billions of dollars of deals and pledges were signed. ($1 = 7.6250