On the 23rd of March 2008, Mr. Aly Shaker CEO of the Principal Bank for Development and Agricultural Credit and Eng. Ibrahim Mahlab – Chairman of the AC Signed the contracts for the construction of the new Administrative building for the bank in the 5th district in New Cairo city. The three level high building is to be equipped with the latest in technology fire alarms, central conditioning systems and computer networks over a total area of 2200 square meters. The estimated project value is 50 million EGP, knowing that it should be delivered in 15 months time.