Real estate developer Misr Italia is looking to borrow EGP 712 mn to fund its Cairo Business Park project in the Fifth Settlement, Amwal Al Ghad reported, citing an unnamed source. The National Bank of Egypt and the Arab Investment Bank have agreed to contribute EGP 312 mn and EGP 100 mn, respectively, and negotiations for the remaining EGP 300 mn are ongoing with several other banks, the newspaper reports.
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