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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