Arab Finance: The Arab Bank has inked an EGP 4.2 billion agreement with Orascom Construction PLC to finance the fourth phase of Greater Cairo Metro, Al Arabiya reported.

The Grand Metro 402 project connects the Giza and Fustat areas in Cairo, in addition to the first and second lines of the Cairo Metro.

The project will be implemented within six years from the beginning of construction works in 2023.

In November, it was reported that the Egyptian National Authority for Tunnels (NAT) was seeking to secure an EGP 17 billion loan from a consortium of local banks to finance the construction of Cairo Metro Line 4.

CBE, Central Bank of Tunisia pen MoU to strengthen banking cooperation Updated 9/30/2024 12:16:00 PM

Egypt’s NAT, Colas Rail-led consortium to modernize Cairo Metro line 1 Updated 9/1/2024 6:47:00 AM

Arab Bank launches back-to-school campaign for VISA credit cardholders Updated 8/13/2024 3:31:00 AM

Arab Bank Group’s H1 net income after tax rises 25% YoY Updated 7/28/2024 2:03:00 PM

JICA to provide $300M financing for Cairo Metro Line 4’s Phase 1 soon Updated 6/24/2024 7:47:00 AM