Cairo, October 27, 2025- CIB, Egypt’s leading and largest private-sector bank, has announced the extension of EGP 30 billion in long-term financing to SCZONE, to be repaid over a 15-year period.

This financing supports SCZONE’s strategy to develop its ports, complete industrial zone infrastructure and utilities, and fund energy, water, and transport projects. It will repay and restructure a previous EGP 10 billion loan, while providing an additional EGP 20 billion in new capital.

Commenting on the transaction, Mr. Amr El-Ganainy, Deputy CEO and Executive Board Member at CIB, said, “We are pleased to have partnered with SCZONE, as this partnership underscores our commitment to financing major national projects that drive Egypt’s economic growth. This financing plays a significant role in advancing SCZONE’s infrastructure and port development, enabling six ports —West Port Said, East Port Said, Adabiya, Ain Sokhna, Arish, and El-Tor — to achieve international standards.”

Walid Gamal El-Din, Chairman at SCZONE, stated, “This financing reflects the banking sector’s confidence in SCZONE’s role in driving Egypt’s economic development and attracting international investment. It aligns with the objectives of Egypt’s Vision 2030 to increase exports beyond $145 billion and demonstrates the sector’s commitment to supporting industrial development and improving the investment climate, strengthening Egypt’s global economic standing.”

Gamal El-Din explained that accelerating project developments is essential to attract greater foreign investment. The ongoing port expansions align with state policies aimed at enhancing efficiency and attracting global shipping lines to SCZONE’s Red Sea and Mediterranean ports. He added that this financing will foster job creation, boost competitiveness, and strengthen Egypt’s economic position, positively contributing to the goals of Egypt’s Vision 2030.