Orascom Development Egypt, one of Egypt’s leading real estate and tourism developers, announced that its subsidiary, Orascom Real Estate S.A.E., has signed a 10-year EGP 18bn syndicated financing agreement with the Commercial International Bank (CIB), Banque Misr and the National Bank of Egypt (NBE) to support the completion of development works at its flagship O West project in West Cairo, Invest-Gate reports.