Festival Centre in New Cairo gets $365 million loan

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Wednesday 07, October 2009 by

Festival Centre in New Cairo gets $365 million loan

Al-Futtaim Commercial & Administrative Centres, a subsidiary of Al-Futtaim Group, and a consortium of banks including HSBC Bank Egypt, CIB, AAIB, Banque Misr, Banque du Caire, Arab Bank and Misr Iran Development Bank have signed off on a syndicated Senior Long Term Loan Facility for EGYP 2 billion Egyptian ($365 million) to finance the 'Festival Centre' in Al-Futtaim's mega project in New Cairo.

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