Al Ahly Capital Holding Company, the investment arm of the National Bank of Egypt (NBE), is talking with three developers to establish an industrial zone in Abu Rawash in 6th of October City, Al-Mal reports.

Karim Abul-Naga, the company’s investment head, said that the initial investments of the project  is EGP 2 bn, a large proportion of which will be financed through NBE.

The company has acquired the entire shares of the livestock company Al Alamia, which owns a 600-acre farm in Abu Rawash, by the end of 2017. The planned zone will be built on Al Alamia’s land.