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Delta for building and construction floats up bonds of 225 million L.E
Egypt, Business, 4/23/1999
The Egyptian Delta company for building and construction decided to issue financial bonds valued at 225 million pounds, to be used in financing the company's expansion.
The chairman of the company's board of directors, Ali Elba, said the company will begin the implementation of investments exceeding 500 million pounds, at the top of which comes the project of establishing a tourists village along 100 feddans at Sharm.
The volume of the company's investments amounts to 400 million pounds, in addition to establishing the Delta Company for Agricultural Development, which is currently reclaiming 10,000 feddans at Siwa and establishing a factory for oils produced by these lands.
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