INVESTMENT WATCH- Kharafi Nationalmulls investing up to EGP 1 bn in Future City infrastructure project: Infrastructure contractor Kharafi National could compete for a EGP 1 bn water and sanitation project in Future City, General Manager Elia Saber said, according to Al Mal. The company is currently close to completing an electricity and a sanitation project worth a combined EGP 1.45 bn, Saber said. The company earlier this week signed a syndicated loan agreement with four local banks led by SAIB Bank to arrange an EGP 750 mn facility. Kharafi National is a Kuwait-based subsidiary of Saudi Al Kharafi Group.

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