Tatweer Misr, a real estate developer, has signed an agreement with First Abu Dhabi Bank (FAB), Egypt branches , to offer mortgage facilities at competitive interest rates, and payment lasting up to 15 years for new and existing clients.
This partnership is in line with Tatweer Misr’s strategy to stimulate sales and facilitate the benefits of mortgage services, strengthening the overall purchasing power.
Under the agreement, Tatweer Misr’s client will benefit from various financing solutions at competitive rates, whether looking to purchase housing units or to finance finishing. The bank will provide up to 85% of the price of a ready to- move in units in its first home projects. Additionally, the new service ensures competitive interest rates, financing units up to EGP 15 Mn with payment lasting up to 15 years.
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January 10, 2021 10 min read Opinions expressed by
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To invest or not to invest in Egypt has been a topic of interest for foreign investors of different fields. In times of turbulence, the Egyptian economy managed to stay afloat and was titled by the World Bank as “Africa’s Bright Point.” With the rise of the COVID-19 pandemic, global economies faced instabilities and investors were advised to take a step back, yet Egypt, a developing country, was able to thrive.
Addressing the question of “to invest or not to invest” with facts and figures for all interested investors, here are some reliable sources of information from reputable international organizations that showcase the success of investing in the Egyptian market. According to