A cooperation agreement between Banque Misr & HDB (Housing & Development Bank) to market commercial and residential urban projects
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Banque Misr signed a cooperation protocol with the Housing and Development Bank (HDB), with a view to setting up mechanisms for joint cooperation to establish and market major residential, commercial and administrative projects. Mr. Mohamed El-Etrebi, Banque Misr COB and Executive manager signed the protocol with Mr. Hassan Ghanem, Chairman of the Board of Directors of the Housing and Development Bank.The signing of the protocol comes within the framework of the implementation of the general policy pursued by the state, which aims to expand the establishment of major projects, especially those that lead up to providing housing and job opportunities. Banque Misr owns many distinguished  land plots that are suitable for establishing projects (residential / commercial / administrative / entertainment) and the Housing and Development Bank (HDB) has extensive experience in the field of constructing and marketing distinguished residential, commercial, administrative and entertainment projects everywhere in Egypt, and it has specialized calibers qualified enough to carry out such  Projects. Based on the vital role of Egyptian banks in advancing and driving the economy, the agreement allows granting financing to unit buyers within the framework of the laws and regulations governing the real estate market in Egypt. It must be noted that real estate financing is granted in a way that serves all segments of citizens to achieve public benefit for all parties of the sys...

2020-11-12 15:29:43

EGP 58 million for the "Decent Life" Initiative Projects within the Scope of Beheira Electricity Distribution Company
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Within the framework of accelerating the implementation of the projects planned in the "Decent Life" initiative, which was launched by H.E. president Sisi to raise the standard of living in the villages most in need, as well as promoting the development of basic services provided to citizens and alleviating poverty rates , Dr. Muhammad Shaker, Minister of Electricity and Renewable Energy, asked the electricity distribution companies to take the necessary steps towards improving the efficiency of electrical networks in the targeted villages. Dr. Shaker explained that the development plan for the electricity networks that will be implemented includes improving the service and raising the efficiency of the electrical supply. It also includes the conversion of exposed low-voltage conductors into insulated ones, changing the small conductors to convenient ones, raising the capacity of the transformers, replacing the rickety lamp posts, replacing the suspended transformers with kiosks, and creating new electric feeders to improve the performance and stability of electrical supply and develop solutions to avoid problems of long lines. In this regard, the Beheira Electricity Distribution Company is developing the electricity network with 13 villages at a total cost of L.E. 58 million as part of the Presidential Initiative Project "A Decent Life" for every Egyptian. The development of the electricity network has been completed with (8) villages in the ar...

2020-12-17 15:57:30

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