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FinancialNews


  • 25-07-17

    ADFD offers funding for 64 projects worth USD1.08bn in Egypt

    (MENAFN) Abu Dhabi Fund for Development is financing development projects in Egypt at USD1.08bn, as proclaimed the fund in a press release.

    Additionally, the fund owns an 84 share in Abu Dhabi Tourist Investment Co., a Cairo-based hotel and tourism holding firm.

    Moreover, amid these ventures is the AED735mn Sheikh Zayed City, one of Egypt's largest residential projects that made a contribution of the nation's economic development.

    The fund helped the South Valley development project, an AED367mn scheme that covered of three parts; the Sheikh Zayed Canal, a pumping station and an experimental farm.

    MENAFN2507201700450000ID1095654653

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