{"id":632468,"date":"2018-02-12T04:14:49","date_gmt":"2018-02-12T04:14:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/bin-laden-groups-al-marasem-to-invest-egp-29-bn-in-two-new-real-estate-projects-in-egypt\/"},"modified":"2018-02-12T04:14:49","modified_gmt":"2018-02-12T04:14:49","slug":"bin-laden-groups-al-marasem-to-invest-egp-29-bn-in-two-new-real-estate-projects-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/bin-laden-groups-al-marasem-to-invest-egp-29-bn-in-two-new-real-estate-projects-in-egypt\/","title":{"rendered":"Bin Laden Group\u2019s Al Marasem to invest EGP 29 bn in two new real estate projects in Egypt"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Al Marasem to invest EGP 29 bn in two real estate projects over 5-7 years:<\/strong> Bin Laden Group subsidiary Al Marasem International for Development is planning to invest EGP 29 bn in two new real estate projects in Egypt over the next five to seven years, CEO Tarek Helmy said, Ahram Gate reports<\/a>. The two projects, Fifth Square and Capital Gate, have an investment value of EGP 16.5 bn and EGP 12.5 bn, respectively, and are both located in New Cairo. The company will rely on a combination of self-financing, loans, and sales revenues to fund the projects, according to Helmy. Al Marasem had signed a EGP 900 mn loan agreement with a banking consortium in August<\/a> to help finance Fifth Square.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Al Marasem to invest EGP 29 bn in two real estate projects over 5-7 years: Bin Laden Group subsidiary Al Marasem International for Development is planning to invest EGP 29 bn in two new real estate projects in Egypt over the next five to seven years, CEO Tarek Helmy said, Ahram Gate reports. 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The Export Development Bank Of Egypt and Misr Iran Development Bank agreed to lend\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":571656,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/19\/al-marasem-reportedly-seeking-egp-700-mn-facility-for-new-cairo-hospital-medical-labs\/","url_meta":{"origin":632468,"position":4},"title":"Al Marasem reportedly seeking EGP 700 mn facility for New Cairo hospital, medical labs","author":"enterpriseam admin","date":"19 May 2020","format":false,"excerpt":"Al Marasem International Development is reportedly in the market for EGP 700 mn to finance part of a planned EGP 1.5 bn project to build a hospital and medical labs in New Cairo, Al Shorouk reports, quoting anonymous banking sources.","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":601563,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/seven-banks-agree-to-lend-al-marasem-egp-1-6-bn-for-new-cairo-project\/","url_meta":{"origin":632468,"position":5},"title":"Seven banks agree to lend Al Marasem EGP 1.6 bn for New Cairo project","author":"enterpriseam admin","date":"4 March 2019","format":false,"excerpt":"Seven banks have agreed to provide a EGP 1.6 bn Islamic loan to Al Marasem International for Development to finance the construction of its \u201cFifth Square\u201d project in New Cairo, sources told Hapi Journal. 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