Abu Dhabi Commercial Bank (ADCB) has signed a cooperation agreement with Egypt’s National Authority for Tunnels (NAT) to provide a long-term syndicated loan of £E 4.5 billion ($98.8 million) to support major transportation infrastructure projects in Cairo.
The financing will focus on the renewal of Cairo’s metro lines, mainline railways, and the development of the city’s monorail and electrified commuter systems.
ADCB will contribute £E 3 billion to the loan, acting as the first lead arranger, security agent, and financing agent. Arab Bank will provide £E 1.5 billion and will also serve as a first lead arranger.
The agreement was formalized by Mr. Tarek Hamed Goueili, head of NAT, alongside ADCB’s executive board member and head of corporate and financial institutions, Mr. Hisham Abbas, and Arab Bank’s head of corporate and financial institutions, Mr. Amr Azab.
This collaboration represents a significant investment in Egypt’s transportation infrastructure, aimed at modernizing urban mobility and boosting efficiency across the nation’s capital.
