Cairo, February 5, 2025- CIB, Egypt’s leading private-sector bank, has signed a financing agreement with CRC, a class A certified general contractor affiliated with Dorra Group, to finance the construction of the upcoming Solana project in New Zayed, Cairo.

Founded in 1943, Dorra Group is one of Egypt's largest private sector groups that operates in construction and real estate development projects for both residential and commercial properties.

Commenting on the transaction, Mr. Amr El-Ganainy, Deputy CEO & Executive Board Member at CIB, said, “We are pleased to partner with CRC in this lending agreement. This financing underscores CIB’s confidence in Dorra Group and funding construction projects that positively contribute towards Egypt’s economic prosperity.”

Eng. Mohamed Dorra, Chairman of CRC, conveyed his sincere gratitude and appreciation for the strategic alignment between CIB and CRC. He also expressed his satisfaction with the quality of service provided by CIB, as well as demonstrating the positive impact of this partnership, discussing opportunities for growth and sharing success ahead.