13 Hrs
Source:
الاقتصادية
Bank of Egypt allocates 10 billion pounds to Founders for real estate investment
The Bank of Egypt announced a financing deal worth 10 billion Egyptian pounds for Founder’s Real Estate Marketing Company, aiming to purchase and market assets owned by the New Urban Communities Authority. This initiative is part of efforts to support the real estate sector and develop residential and middle-income projects in Egypt. The contracts were signed in the presence of the Prime Minister, along with leaders from the banking sector and real estate development industry. The financing period extends up to 8 years and seeks to enhance urban development and support economic growth in line with Egypt Vision 2030. This financing underscores confidence in the real estate sector and its importance in stimulating related industries and creating job opportunities.
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