Emaar Properties Building a $1.8 Billion Villas at Sidi Abdel Rahman Bay

Armani designs villas at $1.8 bln Egyptian resort
Reuters South Africa - Johannesburg, South Africa

MILAN, Aug 27 (Reuters Life!) - Giorgio Armani will design his first villas for a $1.85 billion gated community development in Egypt that is just two hours' drive from Cairo, the Italian fashion designer said on Wednesday. Emaar Properties is building the 9.9 billion Egyptian pounds ($1.8 billion) gated community at Sidi Abdel Rahman Bay, on 1544 acres of what Armani described  in a statement as "the best stretch of beach on the north coast" of Egypt. ...