Emirates NBD Egypt has extended an EGP 2.5 billion credit line to Arabian Construction Company (ACC) to finance its construction projects in Egypt and the GCC, supporting economic growth in line with Egypt’s Vision 2030.
The partnership builds on the long-standing relationship between Emirates NBD Group and ACC in the UAE, a collaboration that has thrived over the years. Emirates NBD Egypt is further reinforcing its presence in the Egyptian banking sector, enhancing its ability to support large-scale, impactful projects that contribute to the country’s economic growth and development.
“Collaborating with a prominent player in the construction industry enables us to accelerate our expansion, diversify our portfolio and enhance our ability to deliver innovative financial solutions,” said Amr El-Shafei, CEO and Managing Director of Emirates NBD Egypt.
The agreement highlights Emirates NBD Egypt’s unwavering commitment to driving sustainable economic growth and fostering long-term development.
“The partnership reflects the enduring relationship we share with ACC and reaffirms our dedication to supporting multinational corporations through innovative financial solutions that enhance their competitiveness in various markets,” said Khalid Yehia, Head of Multinational Corporates in Emirates NBD Egypt.
Through strategic partnerships and the delivery of innovative, customised financial solutions, the bank is not only advancing economic growth but also expanding its services to meet the needs of a diverse and dynamic client base across multiple sectors.
