CAIRO - Seizing State-owned lands were rife in the Mubarak regime, say opponents of the ousted regime. Several former ministers, businessmen and other allies of the regime acquired vast areas of land in wonderful locations for a pittance

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The Egyptian-Kuwaiti Development and Investment Company plans to list on the Egyptian Stock Exchange in April 2011, officials said at a conference Tuesday.

Officials of the joint shareholding company also set out to dispel controversy surrounding its 26,000 feddan project in Al-Ayyat, Giza, after being subjected to what they described as a “fierce media campaign against the project.

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KUWAIT, May 26 (KUNA) -- Mena Holding Group (Mena Holding - KSC) said Wednesday it started developing Al-Ayyat project, southwest Cairo in cooperation with international consultants.
The land of the project, located in October 6 Governorate, is owned by the Egyptian-Kuwaiti Company for Development and Investment of which Mena Holding owns a stake, according to a statement issued here by Mena Holding.

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Egypt-Gulf for Investment & Development

The Egypt – Gulf Company for Investment and Development, S.A.E. (formerly known as the Egyptian – Kuwaiti Company for Investment and Development, S.A.E.) was founded in accordance with the applicable laws of the Arab Republic of Egypt, the provisions of Law No. 8 of 1997 of issuing guarantees and investment incentives, and the provisions of Law No. 159 of 1981 of issuing joint-stock companies with a capital of 3.8 billion Egyptian pounds paid from 381 million Egyptian pounds.

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