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FINANCIAL NEWS
ADFD offers funding for 64 projects worth USD1.08bn in Egypt
25 Jul 2017
(MENAFN) Abu Dhabi Fund for Development is financing development projects in Egypt at USD1.08bn, as proclaimed the fund in a press release.
Additionally, the fund owns an 84 share in Abu Dhabi Tourist Investment Co., a Cairo-based hotel and tourism holding firm.
Moreover, amid these ventures is the AED735mn Sheikh Zayed City, one of Egypt’s largest residential projects that made a contribution of the nation’s economic development.
The fund helped the South Valley development project, an AED367mn scheme that covered of three parts; the Sheikh Zayed Canal, a pumping station and an experimental farm.
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MENAFN2507201700450000ID1095654653
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