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Real estate developers face higher solvency requirements for land allocation
Real estate developers are now required to meet a minimum solvency test on land purchases worth more than EGP 1…
JPMorgan disburses first loan tranche for monorail project
DEBT WATCH- Egypt just got the first USD 332 mn tranche of a loan from JPMorgan to finance the construction…
SODIC’s Eastown District project to come online in 2021
Upmarket real estate developer Sodic is on track to begin delivering units in its Eastown District New Cairo (EDNC) complex…
Egypt’s NUCA signs EGP 50 bn syndicated loan agreement
The New Urban Communities Authority (NUCA) has borrowed EGP 50 bn from a consortium of local banks headed by the…
Your top infrastructure stories
Your top infrastructure stories for the week include: Egyptian Refining Company’s USD 4.3 bn Mostorod petrochemical refinery — the largest…
Palm Hills, CI Capital’s Taaleem sign shareholder agreement for Badya university
Palm Hills Developments (PHD) and CI Capital’s Taaleem have set up a joint venture to develop their planned EGP 1.6-1.9…
Concentration risk regs relaxed for Egypt’s mortgage lenders
REGULATION WATCH- Mortgage finance companies can now lend up to 15% of their capital base to an individual household, up…
UAE’s City Creek Construction to invest EGP 600 mn in Egypt this year
Emirati real estate developer City Creek Construction will establish an arm in Egypt and invest EGP 600 mn in three…
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