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Bank of Egypt and NBE fund Palm Hills Cairo
Reports indicate that Bank of Egypt and the National Bank of Egypt have signed a joint financing agreement worth 8 billion Egyptian pounds to support the "Palm Hills New Cairo" project. This project is one of the largest luxury real estate developments in Egypt, covering an area of nearly 500 acres in East Cairo. The funding aims to accelerate the development of the project, which includes residential units, services, commercial centers, and sports facilities, with the goal of meeting rising demand and achieving urban development and sustainability objectives. Additionally, it supports the national economy and enhances confidence in the Egyptian real estate sector.
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