Emirates NBD Egypt Loan to develop Mall of ArabiaVisits : 76

Emirates NBD Egypt Loan to develop Mall of Arabia

Markaz, the Egyptian subsidiary of Fawaz Alhokair Group, the leading shopping mall developer in the Middle East, has signed a long-term loan agreement with Emirates NBD Egypt worth EGP 395 million to develop the new phase of Mall of Arabia. The loan is used to finance the expansion of Mall of Arabia, including the IKEA store located at the mall with a lease area of 22,000 square meters.