---
title: "ZAWYA: Orascom Development Egypt unit secures a $356mln syndicated loan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292878087.md"
description: "Orascom for Real Estate, a subsidiary of Orascom Development Egypt, secured a $356 million (18 billion EGP) syndicated loan with a 10-year tenor. Led by CIB, Banque Misr, and NBE, the funds will refinance an existing 6 billion EGP loan and finance construction of the O West project in Cairo."
datetime: "2026-07-16T08:46:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292878087.md)
  - [en](https://longbridge.com/en/news/292878087.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292878087.md)
generator: "portal-rs"
---

# ZAWYA: Orascom Development Egypt unit secures a $356mln syndicated loan

**Staff Writer**

Orascom for Real Estate, subsidiary of EGX-listed Orascom Development Egypt(ODE), has secured a syndicated loan worth 18 billion Egyptian pounds ($356 million) with a tenor of 10 years to support the development of its flagship O West project in West Cairo.

Commercial International Bank (CIB), along with Banque Misr and National Bank of Egypt (NBE) acted as lead arrangers, and bookrunners. MHR & Partners, and White & Case acted as counsel to ORE, while Sarie Eldin & Partners served as counsel to the participating banks.

The facility will be used to refinance ORE’s existing 6 billion-pound loan and provide additional funding to accelerate construction works at O West.

(Writing by Ahmad Mousa; editing by Seban Scaria)

Ahmad.mousa@lseg.com

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