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بوابة أخبار اليوم
Al-Ahly and Misr Invest 8B EGP in Palm Hills Project
Palm Hills Developments, one of Egypt's leading real estate development companies, plans to execute the "Palm Hills New Cairo" project on an area of nearly 500 feddans. The project will include a variety of residential units, service areas, commercial agencies, as well as a sports and social club. To support the expansion of the project and accelerate its progress, a group of banks, led by Bank Misr and the National Bank of Egypt, arranged a joint financing of 8 billion Egyptian pounds, with each contribute 4 billion pounds. The funding aims to cover part of the project's investment costs, aligning with the increasing demand for luxury housing units in East Cairo, and contributing to economic growth and urban development in Egypt. It also ensures the swift and high-quality completion of both the current and future phases.
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