ARCO secures EGP 1 bn loan from Arab African

Al Arabia Company For Real Estate Development (ARCO) has secured an EGP 1 bn loan from Arab African International Bank, according to statements from Sarie Eldin & Partners Legal Advisors, who advised on the loan. The loan will go toward financing ARCO’s new urban development projects, the firm said on Monday in a statement picked up by Al Mal..