Egypt’s first real estate fund began trading on the EGX yesterday, according to Al Shorouk. The EGP 80 mn fund — a tie in between the Egyptians Abroad Investment and Development Company, Pioneers Holding, and Misr Iran Development Bank — will invest in four real estate projects worth a combined EGP 2.5 bn, including a hotel and a commercial project, the fund’s CEO says. Other projects in Asyut, Minya, and Gharbiya are also under study.

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