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المصري اليوم
CIB and Suez Canal Invest 4.4B EGP in Ras al-Hikmah
A banking alliance has been established between Commercial International Bank and Bank of Canal Suez, providing financing of 4.4 billion Egyptian pounds to Al Ahly Sabbour Real Estate Development Company to fund the Summer project in Ras El Hikma on the North Coast. The financing is allocated for construction and development, with a term of six years. This reflects the Egyptian banking sector's ability to offer flexible credit packages to support real estate development and investment projects in the region. The project is part of extensive investment efforts in Ras El Hikma, which has become an international tourism and urban development destination, highlighting the importance of financing in accelerating project implementation and developing integrated communities in the area.
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