Arab Finance: Emirates NBD – Egypt announced the signing of a 3 billion Egyptian pounds financing agreement with the National Tunnels Authority, with the aim of providing long -term credit facilities to support public transport development projects in Egypt, according to the statement sent on March 10.
This financing comes within the framework of the bank's strategy aimed at supporting the vital sectors, in line with the state's vision in promoting modern transportation and upgrading the quality of services provided to citizens.
The agreement was signed by Tamer Ragheb, head of the credit sector and financial institutions at Emirates NBD – Egypt, and Eng. Tariq Hamed Gouili, Chairman of the National Authority for Tunnels, in the presence of a group of bank leaders on top of them, Moaz Hashem, head of the credit sector in the Emirates NBD – Egypt, Mona Osama, Head of the Finance Sector and joint loans at Emirates NBD – Egypt, and Haydi Tariq, Senior Director In the major companies ’credit sector at Emirates NBD – Egypt.
This funding is an affirmation of the leadership role of Emirates NBD – Egypt in supporting major national projects, and based on its strategy aimed at stimulating economic growth in line with Egypt's 2030 vision.
This agreement represents a strategic step towards developing the transportation sector, enhancing its efficiency, and creating a qualitative shift in the transportation system, which contributes to upgrading the quality of the lives of citizens.
The signing of this agreement confirms the strong bank’s commitment to support the ambitious state’s plans to develop infrastructure, based on its deep belief that investing in transport projects is an essential pillar to achieve a positive and tangible economic impact, and to enhance sustainable development in a way that benefits society as a whole. The bank is also keen to provide innovative financing solutions that contribute to developing public transport projects, prompting the economy and enhancing the development process in Egypt.
This agreement comes within the framework of Emirates NBD's efforts to support strategic sectors, especially the transportation and transportation sector, which is an essential element in achieving comprehensive development. The bank continues to provide an integrated range of credit products and services, including short and long -term loans, based on its deep belief in the role of the banking sector in supporting the wheel of economic growth.
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