Banque Misr signed a 10 billion Egyptian pound financing contract with Founders, the real estate marketing arm of Hyde Park Developments, to purchase and market assets owned by the New Urban Communities Authority (NUCA), with a financing term of up to eight years. The Cabinet witnessed the signing on Monday, October 12, 2026.
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The financing also covers operating costs associated with the projects and forms part of Banque Misr's strategy to support the real estate sector and finance integrated residential, commercial and administrative developments.
Shary's take: what it means for buyers and investors
This agreement reflects banking sector confidence in the Egyptian real estate market and its promising opportunities. Long-term financing (8 years) for Hyde Park strengthens its financial capacity and diversifies funding sources, potentially enabling larger and faster project execution. The partnership with NUCA to market its assets signals new growth opportunities in the middle-income housing sector.
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published 12 October 2026
