Misr Italia receives EGP 650 mn loan for New Cairo business park

Misr Italia for Urban Development has received a EGP 650 mn joint loan from the National Bank of Egypt (NBE), the Egyptian Gulf Bank and the Arab Investment Bank (AIB) to finance the construction of Cairo Business Park in New Cairo, according to Al Shorouk. The project will see the construction of a business center that will include 42 administrative, commercial and service buildings along with a 144-room four-star hotel.