January 4, 2021

NBE arranges EGP 3.8B loan for new Abu Qir Port


ArabFinance: The National Bank of Egypt (NBE) arranged a bridge loan worth EGP 3.8 billion for Gharably Integrated Engineering Company to expand and develop the new Abu Qir Port in Alexandria, Ahram Gate reported on January 1st.

Alexbank, Export Development Bank of Egypt, and Suez Canal Bank participated in this credit facility, according to the news portal.

No further details about the financial assistance were disclosed.

Last August, Egypt’s naval forces reportedly signed a contract to establish a container terminal at Abu Qir Port.

arabfinance


Categories : banking

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