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(FILES) In this file photo A man counts Egyptian pounds at currency exchange shop in downtown Cairo on November 3, 2016. - With Egypt's economy in crisis, the currency in freefall and inflation skyrocketing, the poor have been hit hard but the middle class is also teetering on the brink. The Egyptian pound has lost half its value against the dollar since March, following a devaluation demanded as part of a $3 billion International Monetary Fund loan agreement. Official annual headline inflation hit 21.9 percent in December, and food prices surged 37.9 percent in the Arab world's most populous nation. (Photo by KHALED DESOUKI / AFP)
Egypt - The Export Development Bank of Egypt (EBank) has signed a contract with Arkan Palm to build a new headquarters inside the 205 Project in Sheikh Zayed City, as per an emailed press release.
The new headquarters will be located in the project’s banks district, and is expected to be delivered within two years.
This step comes as the bank continues to grow in both its services and geographic presence.
The expansion reflects the bank’s vision to offer a modern, fully integrated banking experience that keeps up with new technology and meets the needs of customers in different sectors.
Being developed on an area of 205 acres in Sheikh Zayed City through a partnership between the New Urban Communities Authority (NUCA) and Arkan Palm, Project 205 is a mixed-use development including residential, commercial, administrative, hotel, and entertainment spaces.
The project will also feature three hotels managed by the international IHG Group and will include the tallest towers in Sheikh Zayed and West Cairo, each standing 135 meters tall with 40 floors.
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