UAE money and Sisi republic luxury

"In mid-February the Egypt subsidiary of the UAE-based Emmar signed a protocol with the Egyptian Defense Ministry which clears the way for the construction of Emmar Square, a mixed-use development with open-air shopping for international luxury brands. The development is part of the company’s exclusive Uptown Cairo. Emaar is the developer behind the world’s tallest building, Burj Khalifa. The Egyptian Defense Ministry is in many ways Egypt’s largest land owner/manager and the massive property that is now being developed by Emmar with Uptown Cairo’s exclusive residential clusters and golf course is/was owned by the military and was previously unavailable to the market." (thanks Yusuf)