November 4, 2020

HSBC Egypt commits $2.2B loan for NAC’s project


ArabFinance: HSBC Egypt provided long-term funding worth $2.2 billion (EGP 34.62 billion) to China State Construction Engineering Corporation to finance the construction of the Central Business District project in the New Administrative Capital (NAC), according to Future Cities report.

The 13.5-year facility is covered by China Export and Credit Insurance Corporation (Sinosure), HSBC added.

The development comprises 18 towers that include administrative offices, hotels, and entertainment facilities, in addition to the tallest tower in Africa, according to HSBC.

arabfinance


Categories : banking

Finance & Economy

Sarwa Capital to finance low, middle-income housing units

2020-11-26 07:00:00

ArabFinance: Sarwa Capital Holding plans to finance the low-and middle-income housing units with fund amounts up to EGP 1 billion,"...
Read More

Cairo Poultry awarded 2020 Sustainabilit...
November 26, 2020
Eastern Company to invest up to EGP 1.25...
November 26, 2020

Latest News



banking

ABE to launch temporary branch south Ala...
November 26, 2020
Strong FX reserves, structural reforms s...
November 24, 2020
HDB, MasterCard sign partnership contrac...
November 19, 2020