funding
-
Investment
Egypt Gets Almost USD 2.7 bn in Funding for Sinai Development in 2020
Thursday, 24 December 2020
Egypt teamed up with several international financial institutions for financing several development projects in the Sinai Peninsula, at a combined value of almost USD 2.7 bn (EGP 42.4 bn), in 2020.
-
Investment
Egypt’s Remco Aims to Secure EGP 3.3 bn Co-Financing
Monday, 23 November 2020
EGX-listed Remco for Tourism Villages Construction has joined forces with its subsidiaries and sister companies to secure EGP 3.3 bn worth of long-term co-financing.
-
Infrastructure
Renovation of Alexandria’s Tramline to Begin in Early 2021: NAT
Thursday, 12 November 2020
The National Authority for Tunnels (NAT) will begin transforming Alexandria's El Raml tramway network – the oldest tram system in Africa and one of the oldest in the world – into a metro line worth EUR 360 mn (EGP 6.6 bn) in early 2021.
-
Developers
PHD, NBE Partner for EGP 1 bn Facility Deal
Wednesday, 9 September 2020
Palm Hills Developments (PHD) has inked an EGP 1 bn facility agreement with the National Bank of Egypt (NBE), while still aiming to meet the EGP 1.5 bn net debt target by year-end.
-
Developers Investment
TMG Holding’s Unit Partners With 2 Banks for East Cairo Projects
Wednesday, 2 September 2020
Talaat Moustafa Group (TMG) Holding's unit the Arab Company for Projects and Urban Development has partnered with the National Bank of Egypt (NBE) and Banque Misr to develop projects in east Cairo's Rehab and Madinaty cities, at a total cost of EGP 4 bn.
-
Developers
MNHD, CIB Seal EGP 1.1 bn Syndicated Loan Agreement
Sunday, 30 August 2020
Egypt's Madinet Nasr for Housing and Development (MNHD) has agreed on an EGP 1.1 bn syndicated loan, aiming to proceed with plans to pump EGP 12 bn over the next three years into east Cairo's Sarai and Taj City projects.
-
Business
Egypt’s Mortgage Funding Down 84.2% in April: FRA
Wednesday, 26 August 2020
The Financial Regulatory Authority (FRA) has unveiled that Egypt’s mortgage finance activity dropped by 84.2% last April versus the year-ago figures.
-
Developers
Marakez Secures EGP 670 mn Loan for Mall of Katameya
Wednesday, 12 August 2020
Fawaz AlHokair Group’s mall development unit Marakez has signed an EGP 670 mn syndicated loan agreement with multiple local banks to finance the execution of phase II of east Cairo's Mall of Katameya.
-
Investment
EBRD Approves USD 12 mn Loan for Hyatt Regency Cairo West
Wednesday, 5 August 2020
The European Bank for Reconstruction and Development (EBRD) has approved the provision of a USD 12 mn (EGP 192 mn) long-term loan to bankroll the construction of the second Hyatt-branded hotel in Egypt, located in west Cairo's Pyramids Heights Business Park.
-
Developers
NBE, IGI Agree on EGP 600 mn Facility for West Cairo’s Ashgar City
Wednesday, 29 July 2020
Egypt-based developer IGI Real Estate has agreed on a loan facility from the National Bank of Egypt (NBE) to finance the construction of its flagship project in 6th of October City, named "Ashgar City," with the first tranche valued at EGP 600 mn.
Latest News
-
Lasirena Group to Deliver 250 Residential Units in North Coast
-
Constec Expands Work in Fouka Bay with EGP 150 mn
-
Helnan Port Fouad Is 75% Underway
-
El Gazzar Inspects Projects in New El Alamein City
Subscribe to Newsletter

Stock | Price | Change % | Volume |
EHDR | 0.69 | 2.14% | 5,537,740 |
RREI | 0.94 | -5.73% | 3,336,368 |
DAPH | 14.60 | 0.95% | 24,430 |
ELKA | 19.00 | -3.11% | 7,950 |
AREH | 15.53 | 7.53% | 7,225,333 |
Last Modified April 7, 2021