Emaar delays final cement plant payment owed to Egyptian company Helwan

Emaar delays final cement plant payment owed to Egyptian company Helwan

More than two years after the takeover, the Dubai-based group has still not paid its entire €36m bill, even though the health crisis impacting its income will likely make it even harder to settle.

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            ▪ Emaar delays final cement plant payment owed to Egyptian company Helwan

▪ More than two years after the takeover, the Dubai-based group has still not paid its entire €36m bill, even though the health crisis impacting its income will likely make it even harder to settle.

https://www.africabusinessplus.com/en/805720/emaar-delays-final-cement-plant-payment-owed-to-egyptian-company-helwan/

Emaar Industries & Investments, an Emaar group subsidiary, is still struggling to finalise payment for a white cement factory acquired in 2018 from the Helwan Cement Company, according to a reliable source.

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