Moustafa Khalil, Chairman and Managing Director of Misr
International for Construction and Taj Misr, said the project’s investment cost
amounts to about EGP 4.8 billion. He added that cooperation with SAIB Bank, one
of the largest players in Egypt’s banking sector, will help accelerate the
implementation of the Tag Tower project in the New Administrative Capital.
Khalil emphasized the company’s belief in the importance of
integration between the banking sector and private developers, noting that such
partnerships support the national economy. He explained that the agreement
covers financing for Tag Tower, a commercial and administrative skyscraper
located on plot 14-CN in the MU7 district of the New Administrative Capital.