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حسام السعيد 03-25-2014 03:41 PM

Loan between 532 million pounds and the Al-Futtaim Commercial
 
Loan between 532 million pounds and the Al-Futtaim Commercial

Sign -Futtaim Group Real Estate , on Wednesday , with Commercial International Bank loan of $ cib LE 532 million , to finance the second phase of its giant " Cairo Festival City " in New Cairo , in the presence of a large number of senior officials of Al-Futtaim Group and the Commercial International Bank .

Said Managing Director of Al-Futtaim Group , Dr. Mohamed Makawy which the contract is signed , "The value of this loan is one of the large loans granted by the Bank such as Commercial International Bank to an investment group size of Al-Futtaim Group , since the January 25 revolution and until now ," stressing that " to get the loan demonstrates the feasibility successful economic project for Cairo Festival City as one of the most important projects that draw investment map of her face the new Egypt . "

He praised Makawy role played by Egyptian banks , and comes on top of Commercial International Bank cib in support of investment projects , especially since at these banks financial liquidity is willing to be directed to projects of national dimension developmental , which attract labor-intensive direct and indirect , and play a role in the revitalization of commercial traffic within the Egyptian market , offering services to international standards . "

He Makawy " that the value of the loan will be directed to complete the construction of the second phase of Cairo Festival City , after the achievements of the first phase , which was recently opened by the success Musharraf leave a mark in the Commercial Market Egypt , confirms the " Cairo Festival City " that already the largest housing project and an integrated administrative and amusement in the heart of new Cairo . "

For his part, Amr Ganainy , head of institutional relations for the International Commercial Bank "The Bank attaches great importance to the financing of the vital sectors that contribute to the boost economic growth , which will guide the value of funding to complete the expansion target for Cairo Festival City, which reflects the confidence of the bank and is optimistic that the success of The project will lead the entire Real Estate Development . "

She Shirin Hamid , executive vice president for sector institutional Baltjary International " that the value of this loan from major direct loans , which will be pumped into the real estate sector , which coincides this grant with the approach of Commercial International Bank to activate the role of the banking sector in the financing of real estate projects are economically feasible, successful , and that provide thousands of job opportunities for Egyptian youth , and contribute to the revitalization of feeder industries for this strategic sector . "

The project is located Cairo Festival City in the heart of New Cairo on an area of ​​3 million square meters, with a total investment of 19 billion pounds was spent 7 billion pounds to complete the first phase , the project succeeded in providing more than 30 thousand permanent jobs , in addition to thousands of jobs indirect sons of Egypt .

د/ إلهام 03-26-2014 02:11 AM

رد: Loan between 532 million pounds and the Al-Futtaim Commercial
 
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