QNB Egypt arranges EGP 11.98 bn facility to expand East Port Said

QNB Egypt arranged an EGP 11.98 bn syndicated loan for Kased Khair General Supplies and Contracting to fund 6 km of new marine berths at East Port Said Port statement

This is an important step in the plan to turn East Port Said into a global transshipment hub. In April 5 mn TEU capacity

BACKGROUND- USD 724 mn