Middle East Economic Survey

VOL. XLVII

No 25

21-June-2004

EGYPT

CAPITAL MARKETS

Egyptian Housing Finance Company To Start Operations In September

Egyptian Housing Finance Company (EHFC), which was incorporated in Egypt on 27 May, is in the process of obtaining a license from General Authority for Real Estate Finance (GARF - the regulatory authority) and plans to start offering mortgages in September,MEES understands. This follows the signing of an agreement in January with the World Banks private...