FINANCIAL NEWS

Egypt’s Naeem to set up USD65mn real estate fund

07 Apr 2017

(MENAFN) Egypt’s Naeem Holding, one of the largest growing banks in the MENA region proclaimed that it has started a private placement for a real estate fund worth USD65mn.

Furthermore, the placement will take place over one month and will be followed by public offering for the fund by May-end.

In addition, officials discussed many key investment chances in national projects, namely the new administrative capital and Suez Canal projects.

Recently, the minister emphasized the government’s investments plan involving new airports, potential projects in the industrial sector as well as pipeline investments in the free zones.

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MENAFN0704201700450000ID1095375959

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