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Tuesday, 26 November 2019

EBRD earmarks USD 100-200 mn for acquisition, development of Egyptian hotels

The European Bank for Reconstruction and Development earmarked USD 100-200 mn to fund hotel acquisitions and development projects in Egypt, Al Mal quotes Deputy Regional Director Khaled Hamza as having said. Hamza did not disclose whether the bank has its eyes on any hotels or locations in particular or what the timeline for the deployment might look like.

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