Banque Misr inks an EGP 750 mn agreement for a long-term loan with Mountain View for Development and Real Estate Investment to finance part of the investment cost of the Mountain View 4 project, Invest-Gate reports.
The loan will boost the pace of construction at Mountain View 4 in the 6th of October City.
Located on 47 feddans, the project’s total investment cost amounts to EGP 1.1 bn.
Mohamed El-Etreby, Chairman of Banque Misr, notes that the bank’s participation in real estate projects comes in line with its pioneering role in supporting the Egyptian economy, as the real state sector is among the impactful sectors in the economy.
Amr Soliman, Chairman of Mountain View, comments that Mountain View 4 achieved outstanding sales since its offering due to the designs of its units and the integrated services it features.
