Amer to acquire EGP 1 bn loan from unnamed Egyptian bank

Amer Group is closing in on an agreement for a EGP 1 bn loan from an unnamed local bank to finance construction works at projects in Ain Sokhna, Alexandria, and Port Said, Al Shoroukreports, citing sources with knowledge of the matter. Part of the loan will be directed towards its Greek-style residential and touristic development in Ain Sokhna, Santorini.