Thndr Claps » EGY Claps » Real Estate 🏡 » Orascom Development subsidiary lands credit facility 💰
The ClapA subsidiary of Orascom Development (ORHD) has sealed a EGP 1.5 billion credit facility from CIB (COMI) to finance the development of O West. The DeetsThe facility will be used in order to speed up the construction of the new stages of O West. That, in turn, will speed up the delivery dates for owners.More detailsThe names of the projects in development are Whyte, Tulwa, Club Residences, Hillside, and O-Business District.It is also worthy to mention that EFG Hermes was the financial advisor as well as the entity that arranged the deal.
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