Local banks including Banque Misr to provide EGP 3 bn for new shopping mall in the Fifth Settlement

A number of local banks, including Banque Misr, are reportedly arranging a EGP 3 bn that will be used by a major Saudi developer to build a EGP 6 bn shopping mall in New Cairo, sources tell Al Masry Al Youm. The developer, who they refused to name, will supply the balance. No other details were provided.