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FINANCIAL NEWS
Saudi, Egypt agree on USD 3.6bn property project
25 May 2016
(MENAFN) The USD 3.6bn Mountain View iCity was proclaimed, Egypt’s biggest next project which is a joint venture between Egypt and Saudi Arabia.
Furthermore, the project reaffirms the confidence investors have in the Egyptian economy, particularly in the real estate sector.
The project will meet the needs of sustainable development in Egypt, which will include 2 square kilometers of residential units and make more than 200,000 jobs.
In addition, the development is one of the main projects in Egypt to be based on a public-private partnership, in which Mountain View will own 60 percent.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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