UAE dives into Lake Manzala project

  • Date: 21-Sep-2020
  • Source: Arab News
  • Sector:Real Estate
  • Country:UAE
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UAE dives into Lake Manzala project

UAE dives into Lake Manzala project

UAE dives into Lake Manzala project

UAE dives into Lake Manzala project

 The UAE National Marine Dredging Company (NMDC) has announced that it won the rights to the expansion project of Lake Manzala in Egypt. (Shutterstock)

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UAE dives into Lake Manzala project

Egyptian campaign aims to return the lake to its previous state and revive local fishing industry

Updated 21 September 2020

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CAIRO: The UAE National Marine Dredging Company (NMDC) has announced that it won the rights to the expansion project of Lake Manzala in Egypt, valued at 600 million UAE dirhams ($163 million).

The company's announcement of the new project came following a disclosure published on the Abu Dhabi Securities Exchange website. It ensures compliance with the principle of disclosure and transparency in force in the UAE.

Lake Manzala is one