...
Banque Misr Building new capital

The Banque Misr building, to which ECG provided the complete design and construction supervision services for architectural and structural works, belongs to the first national banking industry giant. Its well-engineered built masterpiece is in close vicinity to the Central Bank of Egypt, which empowers BM brand and urban visuality in Egypt’s New Capital. The building’s contemporary wholly glazed facades were inspired by BM’s legacy. Built in a premium strategic location, BM’s massive scenic building stands on Plot No. 23A.2, with a plot area of 11,245 m2, footprint area of 4,322 m2, and a total height of up to 34 meters; comprising two basement floors, a ground floor, and seven upper floors. The ground floor houses main and VIP entrances, a banking hall including screened teller counters with vast back-office areas, service areas including restrooms and pantry, and entry/exit ramps to underground parking in basements accommodating up to 400 parking spaces. Floors from first to seventh are allocated to BM’s office areas.

2020-12-01 15:50:17

...
A cooperation agreement between Banque Misr & HDB (Housing & Development Bank) to market commercial and residential urban projects

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

...
Al Ahly for Real Estate Development "Sabbour" in alliance with "Founders" undertakes sales operations and development plans for Gardenia City project

The National Bank of Egypt (NBE) and Banque Misr have announced the launch of their new real estate project, Gardenia City, which has received investments amounting to EGP 26bn.  Al Ahly "Sabbour" in alliance with "Founders", a subsidiary of Hyde Park Development, is responsible for sales operations and the development of marketing plans for the project. Hisham Okasha, Chairperson of the NBE, said that in launching the project, the bank aims to provide high-quality housing complexes, including units that meet the needs of a large segment of customers. Ahmed Sabour, CEO of Al Ahly for Real Estate Development Company, said that the consortium between Al Ahly "Sabbour" and Hyde Park Real Estate Development will represent a momentum or rather a major boost to the real estate market. He added that the project is one of the largest real estate projects in Egypt. It includes fully finished units ready for delivery for the first time in the domestic real estate market.  NBE Vice-Chairperson, Yehia Aboul Fotouh, said that the total investment in the project exceeds EGP 26bn. He noted that the project meets all the conditions set out by the Central Bank of Egypt (CBE) initiative for real estate financing, which provides citizens with comfortable payment methods of up to 20 years. Akef Al-Maghreby, Banque Misr (BM) Vice- Chairperson, said that the project is built on an area of 513 feddans, and the buildings occupy only 20% of the t...

2021-02-02 14:59:26

Main Sponsors
Digital Sponsors
s