Egypt - Led by the Export Development Bank of Egypt (EBank), a consortium of six banks has orchestrated a joint financing package worth EGP 2bn for Abd El Salam El Feky & Partners, a firm specializing in contracting and engineering consultations. This financial collaboration, which includes the Housing and Development Bank (HDB), United Bank, Suez Canal Bank, MID Bank, and National Kuwait Bank (NBK), aims to fund the renovation of Alexandria Port’s main breakwater and other initiatives designed to enhance Egypt’s port infrastructure. Ahmed Galal, EBank’s Chairperson, emphasized the bank’s commitment to national projects, noting that upgrading the Grand Port of Alexandria is fundamental to improving the maritime transport sector’s efficiency. He expressed confidence that such projects would inspire further investment in port development. © 2022 Daily News Egypt.

Source: Daily News Egypt December 13, 2023 18:58 UTC