USD 200 mn in funding from the EBRD to Majid Al Futtaim’s City Centre Almaza: The European Bank for Reconstruction & Development (EBRD) is providing up to USD 200 mn to Majid Al Futtaim to build its USD 437 mn City Centre Almaza in East Cairo, the financial institution said on its website. The funds will be used to finance the construction, equipment, and operation of the center. City Centre Almaza will be Majid Al Futtaim’s third City Centre in Egypt.

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