{"id":601624,"date":"2019-03-05T04:27:50","date_gmt":"2019-03-05T04:27:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/"},"modified":"2019-03-05T04:27:50","modified_gmt":"2019-03-05T04:27:50","slug":"redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/","title":{"rendered":"Redcon seeks EGP 1.7 bn loan to finance construction projects"},"content":{"rendered":"

Construction company Redcon has opened talks with local banks to get an EGP 1.7 bn revolving loan to finance development projects in the new administrative capital and New Alamein, Al Mal reported<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Construction company Redcon has opened talks with local banks to get an EGP 1.7 bn revolving loan to finance development projects in the new administrative capital and New Alamein, Al Mal reported.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,130,7106,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601624","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-construction","tag-debt","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"9d78013e-4e80-4b21-a475-10e7a9acdc1a","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[601581],"teaser":"","voice_url":""},"yoast_head":"\nRedcon seeks EGP 1.7 bn loan to finance construction projects - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Redcon seeks EGP 1.7 bn loan to finance construction projects\" \/>\n<meta property=\"og:description\" content=\"Construction company Redcon has opened talks with local banks to get an EGP 1.7 bn revolving loan to finance development projects in the new administrative capital and New Alamein, Al Mal reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-05T04:27:50+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Redcon seeks EGP 1.7 bn loan to finance construction projects\",\"datePublished\":\"2019-03-05T04:27:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/\"},\"wordCount\":40,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"construction\",\"debt\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/\",\"name\":\"Redcon seeks EGP 1.7 bn loan to finance construction projects - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-03-05T04:27:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Redcon seeks EGP 1.7 bn loan to finance construction projects\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Redcon seeks EGP 1.7 bn loan to finance construction projects - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/","og_locale":"en_US","og_type":"article","og_title":"Redcon seeks EGP 1.7 bn loan to finance construction projects","og_description":"Construction company Redcon has opened talks with local banks to get an EGP 1.7 bn revolving loan to finance development projects in the new administrative capital and New Alamein, Al Mal reported.","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-03-05T04:27:50+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Redcon seeks EGP 1.7 bn loan to finance construction projects","datePublished":"2019-03-05T04:27:50+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/"},"wordCount":40,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["BANKING + FINANCE","construction","debt","EnterpriseAM"],"articleSection":["Banking + Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/","name":"Redcon seeks EGP 1.7 bn loan to finance construction projects - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2019-03-05T04:27:50+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/redcon-seeks-egp-1-7-bn-loan-to-finance-construction-projects\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Redcon seeks EGP 1.7 bn loan to finance construction projects"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":593733,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/08\/national-bank-of-egypt-qnb-provide-egp-1-7-bn-loan-to-redcon-construction\/","url_meta":{"origin":601624,"position":0},"title":"National Bank of Egypt, QNB provide EGP 1.7 bn loan to Redcon Construction","author":"enterpriseam admin","date":"8 October 2019","format":false,"excerpt":"The National Bank of Egypt (NBE) and Qatar National Bank are providing a EGP 1.7 bn syndicated loan to Redcon Construction, according to Al Mal. The money will finance the company\u2019s contracting operations to build multi-purpose towers in New Alamein City.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575220,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/06\/whos-in-the-market-for-debt-redcon-construction-msmeda\/","url_meta":{"origin":601624,"position":1},"title":"Who\u2019s in the market for debt? Redcon Construction + MSMEDA","author":"enterpriseam admin","date":"6 October 2020","format":false,"excerpt":"Redcon Construction has signed a EGP 625 mn syndicated loan agreement with the National Bank of Egypt and Qatar National Bank to help finance the construction of several towers in New Alamein, according to Al Mal. The company was originally seeking a EGP 1.7 bn loan from the banks, according\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547706,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/04\/fab-europe-arab-bank-to-contribute-to-elsewedys-usd-150-mn-ifc-loan\/","url_meta":{"origin":601624,"position":2},"title":"FAB + Europe Arab Bank to contribute to Elsewedy\u2019s USD 150 mn IFC loan","author":"enterpriseam admin","date":"4 July 2022","format":false,"excerpt":"More details on the IFC\u2019s USD 150 mn loan to Elsewedy Electric: First Abu Dhabi Bank and Europe Arab Bank are participating in the USD 150 mn loan from the International Finance Corporation (IFC) to Elsewedy Electric, the IFC said in a statement (pdf) last week. Elsewedy will mainly direct\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572407,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/samcrete-looks-to-borrow-egp-1-7-bn-from-local-banks-to-work-on-new-cities\/","url_meta":{"origin":601624,"position":3},"title":"Samcrete looks to borrow EGP 1.7 bn from local banks to work on new cities","author":"enterpriseam admin","date":"23 June 2020","format":false,"excerpt":"Conglomerate Samcrete is in talks with two local banks to arrange a EGP 1.7 bn loan to finance its work in new cities, Al Mal reports, quoting sources with knowledge of the matter. The company is in talks with one state-owned and one private bank for a three- to five-year\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":616243,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/03\/redcon-properties-inks-egp-925-mn-syndicated-factoring-agreement\/","url_meta":{"origin":601624,"position":4},"title":"Redcon Properties inks EGP 925 mn syndicated factoring agreement","author":"enterpriseam admin","date":"3 March 2024","format":false,"excerpt":"The agreement marks Egypt\u2019s first joint factoring transaction","rel":"","context":"In "FINANCIAL SERVICES"","block_context":{"text":"FINANCIAL SERVICES","link":"https:\/\/enterpriseam.com\/egypt\/category\/financial-services\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/63.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573896,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/23\/amer-to-acquire-egp-1-bn-loan-from-unnamed-egyptian-bank\/","url_meta":{"origin":601624,"position":5},"title":"Amer to acquire EGP 1 bn loan from unnamed Egyptian bank","author":"enterpriseam admin","date":"23 August 2020","format":false,"excerpt":"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\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=601624"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601624\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/601581"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=601624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=601624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=601624"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=601624"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=601624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}