Arab Finance: The Egyptian real estate developer MARAKEZ is about to secure an EGP 1.2 billion syndicated loan from a local banking consortium, Al Mal News reported, citing sources familiar with the matter.

The consortium to arrange the loan comprises the two largest state-run banks, National Bank of Egypt (NBE) and Banque Misr.

On February 13^th, the real estate developer introduced a new initiative for the launch of a hub for urban designers to showcase their products at District 5 in East Cairo.

The new hub will enable over 21 designers to show their local brands and increase their exposure.

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