CIB provides EGP 1.5bn loan for YANMU East Logistics Park project

YANMU Logistics Park, a joint venture between HAU Logistics and Agility, has secured a ten-year loan of 1.5 billion Egyptian pounds from the Commercial International Bank (CIB) for its YANMU East Logistics Park project.

The project is part of the expansion plans of HAU Logistics and Agility in Egypt’s logistics sector, which aims to establish an integrated logistics platform covering the entire value chain for storage and handling services.

The loan aims to cover part of the project’s construction and development costs, according to an agreement, which was coordinated by the law firm Matouk Bassiouny & Hennawy.

CIB is honoured to continue its pioneering developmental role in financing strategic projects with substantial importance to the Egyptian economy, Amr El-Ganainy, CIB’s Institutional Banking CEO said.