Wadi Degla Holdings has reached an agreement with CIB and the Arab African International Bank to arrange a EGP 1.7 bn loan to finance Wadi Degla’s Neopolis residential project in New Cairo’s Mostakbal City, CEO Maged Helmy told the domestic press.

Correction: 29 March, 2019

An earlier version of this article incorrectly said the value of the loan is EGP 1.7 mn. The loan is EGP 1.7 bn.

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