Arab Finance: Abu Dhabi Commercial Bank - Egypt (ADCB - Egypt) has signed a cooperation agreement with the National Authority for Tunnels (NAT) to provide a long-term credit facility valued at EGP 4.5 billion, as per a statement.

The facility, arranged through a syndicated loan, will finance key transportation projects, including metro and railway line renewals, the light rail transit (LRT) system, the monorail, and electric train developments.

ADCB-Egypt is contributing EGP 3 billion to the loan and is serving as the first lead arranger, security agent, and financing agent.

Meanwhile, Arab Bank is providing EGP 1.5 billion and is participating as the first lead arranger.

This partnership underscores both banks' commitment to supporting infrastructure improvements in Egypt.

The funding aligns with the state’s efforts to upgrade transportation services, aiming to improve the quality of life for citizens while attracting investment opportunities.

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