NBE has extended L.E. 348 Million Loan

NBE - National Bank of Egypt and Banque Misr has extended L.E. 348 million loan in favor of Al Tahrir Co. for Investment Car Parks to complete Al Tahrir underground Cars park pending since almost a decade. Chairman of Al Tahrir Co., Eng. Atef Al Bolok, indicated that the project occupies 18,000 M2 area and comprises four underground floors to host 1,700 passenger vehicles and 24 buses. He predicted that the project will be completed by mid 2013. Main contractor for the project is ARABCO - Arab Contractors Othman A Othman and Co. Shareholders of Al Tahrir Co., includes Misr Insurance, NBE, Banque Misr, and the Arab Contractors.