Sunday, 25 August 2019 10:14 GMT
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Egypt's real estate giants form JV




(MENAFN) Giant Egyptian property companies EFG Hermes, Talaat Mostafa Group and GB Capital announced the inauguration of a joint venture between them.

Through the new real estate finance firm, people looking for a house will be presented with long-term and competitive mortgages.

It will also achieve a hike in affordability and supply to drive improved services for Egyptians seeking to buy a home.

The new company will have a preliminary paid-in capital of USD8.69 million, and was revealed to be likely to reach USD14.460 million with the business expected to see development.

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Egypt's real estate giants form JV

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