The facility will be used for the development and acceleration of work at Fouka Bay in the North Coast. The loan was granted against commercial units of the project’s handover.
The company markets around 65% of the project within three months of its launch and completes 92% of the project’s construction works in preparation for delivery in 2023 Summer.
She notes that sales of the second project exceed EGP 500 mn for 60% of the project.
ALQAMZI Developments records contracted sales exceeding EGP 1 bn during the first day of launching its latest project, SeaZen, in the North Coast, Invest-Gate reports.
Tatweer Misr uncovers the details of Fouka Bay project, which was launched in 2015 in the North Coast, Invest-Gate reports.
Arabia Development delivers 1,500 units of Sun Capital project in West Cairo, since finishing phase I of the project until the end of June 2022, Invest-Gate reports.
PARAGON Developments implements cabins equipped with all the possibilities needed for the first time in the North Coast, Invest-Gate reports.
Inertia launches a new phase in Jefaira project in the North Coast, named Ayla. The new phase spans over 353,000 sqm, with total investments of EGP 3.8 bn, Invest-Gate reports.
Emaar Misr acquires 25% of the shares of Eagle Hills Egypt for project management and investment, Invest-Gate reports.
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