Arkan Palm secures US$95m to finance the “205” real estate project

EGYPT – Arkan Palm for Real Estate Investment has secured a long-term financing contract worth EGP 1.5 billion (US$95.36m) with a banking alliance has concluded to finance part of the investment cost of the company’s first phase of the “205” real estate project in Sheikh Zayed City. The alliance includes five banks: the Export Development Bank of Egypt (EBE), as the main arranger, general coordinator, and guarantee; the Housing and Development Bank (HDB); the United Bank; Suez Canal Bank, and MID Bank. The contributions of each bank in the financing…

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Arkan Palm partners Crowne Plaza West Cairo for its latest project

EGYPT – Arkan Palm, a subsidiary of Palm Hills Developments, has announced the signing of a service partnership with the upcoming Crowne Plaza West Cairo (an IHG Hotel) for its latest residential community project in Sheikh Zayed City, Canal Walk Island. Located in a strategic location on 205 acres, Canal Walk Island consists of a series of luxury hotel apartments overlooking a 2-km-long river and is the first of its kind in Egypt. “We at Arkan Palm, are pleased to partner with IHG Hotels & Resorts and Crowne Plaza, one…

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