24 Hrs
Source:
الشورى
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Sands face challenge from Billions Partnership
Sodic announced the signing of a medium-term credit facility of 7.5 billion Egyptian pounds with Commercial International Bank Egypt (CIB) to finance the "June" project in the North Coast. This project is a residential tourist destination spanning 280 acres inspired by Miami, featuring villas, hotel apartments, and a Marriott hotel. The financing aims to support Sodic's growth and expansion plans, as well as to enhance the real estate and tourism sectors in the region. This partnership aligns with CIB's strategy to support value-added projects and to strengthen the North Coast's position as a major investment and tourism destination in Egypt.
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