UREGENT: Egypt's unemployment hits 6.4% in Q3 – CAPMAS    Egyptian pound holds steady in narrow band in early Sunday trade    Standard Bank opens first Egypt office as Cairo seeks deeper African integration    Climate finance must be fairer for emerging economies: Finance Minister    Al-Sisi orders expansion of oil, gas and mining exploration, new investor incentives    Cairo intensifies regional diplomacy to secure support for US Gaza resolution at UN    Egypt unveils National Digital Health Strategy 2025–2029 to drive systemwide transformation    Minapharm, Bayer sign strategic agreement to localize pharmaceutical manufacturing in Egypt    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    ADCB launches ClimaTech Accelerator 2025    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Ora Developers negotiates with 3 banks over EGP 2bn loan
Amwal Al Ghad Published in Amwal Al Ghad on 23 - 09 - 2020

Ora Developers is currently in negotiations with three to four banks over a 2 billion Egyptian pounds loan, the CEO, Haitham Abdel Azeem, said.
After the completion of negotiations, the company will inject 1.5 billion pounds into ZED Zayed and 500 million pounds into ZED East in New Cairo, the CEO told reports on the sidelines of an event held in Cairo.
The real estate developer previously obtained a 1 billion pounds loan from Banque Misr to finance ZED Zayed project, he added.
In May 2019, Ora Developers, chaired by Naguib Sawiris, launched ZED project in Sheikh Zayed with investments of 35 billion pounds.
The development, spanning over 165 feddans, comprises 5,000 residential units in two 20-storey interconnected towers and other apartment buildings of 10 floors.
ZED East in New Cairo was launched in January with a plan to be built over 400 feddans with EGP 100 billion investments.

Clic here to read the story from its source.