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FinancialNews
06-06-17
Egypt's Al-Reef Al-Masry inks 4 deals in 1.5mn feddan project
(MENAFN) Al-Reef Al-Masry for Development inked the first set of green deals linked to land allocations for a number of young farmers and small firms.
Accordingly, the contracts' signing ceremony involved inking deals with four firms, where the first entities are to be established after finishing all procedures needed for the green deals.
Moreover, the deals involve all information on the land plots and organize the relationship between the firm and small farmers, involving all terms and regulations amid all phases.
Meanwhile, the CBE confirmed granting small investors loans with an interest rate of 5 percent to ease procedures to obtain lands, while the loan will have a maturity of 8 years.
MENAFN0606201700450000ID1095538278
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