{"id":704057,"date":"2026-05-20T00:00:00","date_gmt":"2026-05-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=704057"},"modified":"2026-05-20T02:53:52","modified_gmt":"2026-05-20T02:53:52","slug":"qnb-egypt-arranges-egp-11-98-bn-facility-to-expand-east-port-said","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/20\/qnb-egypt-arranges-egp-11-98-bn-facility-to-expand-east-port-said\/","title":{"rendered":"QNB Egypt arranges EGP 11.98 bn facility to expand East Port Said"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>QNB Egypt arranged an EGP 11.98 bn syndicated loan for Kased Khair <\/strong><strong>General Supplies and Contracting to fund 6 km of new marine berths at East Port Said Port<\/strong>, the lender said in a <a target=\"_blank\" href=\"https:\/\/www.qnb.com.eg\/sites\/qnb\/qnbegypt\/en\/enkassedkhair.html#:~:text=QNB%20Egypt%2C%20a%20subsidiary%20of,for%20General%20Supplies%20and%20Contracting.\" style=\"\">statement<\/a>. QNB is acting as lead arranger, bookrunner, and facility agent for the 12-bank facility, which will finance the construction of berths with a 22-meter draft depth, built to receive the heaviest class of commercial vessels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is an important step in the plan to turn East Port Said into a global transshipment hub.<\/strong> The new deep-water berths push it beyond the container-hub profile. <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/07\/east-port-said-port-receives-mv-paroship-the-largest-of-its-kind-to-dock-at-egyptian-terminals\/\" style=\"\">In April<\/a>, the port received MV Paroship \u2014 the largest dry bulk vessel to ever dock at an Egyptian terminal, carrying 180k tons of cargo. Looking ahead, the port is targeting a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/egypt-wagers-on-logistics-corridors-to-slash-the-inland-freight-premium\/\" style=\"\">5 mn TEU capacity<\/a> by the end of the decade.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> East Port Said, ranked among the world\u2019s three best-performing container ports in 2025, has seen a concentrated wave of heavy investment. Late last year, the government inaugurated <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/17\/el-sisi-inaugurates-usd-724-mn-worth-of-projects-in-east-port-said-port\/\" style=\"\">USD 724 mn<\/a> in projects at the port, including a USD 500 mn expansion of the Maersk-backed Suez Canal Container Terminal, a USD 159 mn Ro-Ro vehicle terminal, and a USD 65 mn multipurpose facility. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meet the backers:<\/strong> The consortium includes Banque Misr, the National Bank of Egypt, Banque du Caire, the Arab African International Bank, Alex Bank, NBK-Egypt, Kuwait Finance House-Egypt, Al Baraka Bank Egypt, MIDBank, NXT Bank, and the Industrial Development Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A 12-bank consortium led by QNB Egypt has arranged an EGP 11.98 bn syndicated loan for Kased Khair to build deep-water marine berths at East Port Said Port<\/p>\n","protected":false},"author":1,"featured_media":704058,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[88,72,7111,145,8835,12658,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-704057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseam","tag-infrastructure","tag-logistics","tag-maritime","tag-qnb-egypt","tag-trade","wpautop","entry"],"acf":{"mongo_id":"5d0b14b6-aecf-460c-8409-6bba5ab96856","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/5\/1197.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Going deep at East Port Said","related_issue":[704047],"teaser":"A 12-bank consortium led by QNB Egypt has arranged an EGP 11.98 bn syndicated loan for Kased Khair to build deep-water marine berths at East Port Said Port"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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(Tap or click the\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2075.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":650016,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/14\/eg-bank-qnb-to-fund-21-of-electricity-holding-companys-egp-20-bn-loan\/","url_meta":{"origin":704057,"position":1},"title":"EG Bank, QNB to fund 21% of Electricity Holding Company\u2019s EGP 20 bn loan","author":"enterpriseam admin","date":"14 March 2017","format":false,"excerpt":"The Egyptian Gulf Bank (EG Bank) and Qatar National Bank (QNB) will fund 21% of a EGP 20 bn facility for the Egyptian Electricity Holding Company (EEHC), Al Mal reports. EG Bank will provide EGP 2.5 bn, QNB will contribute with EGP 1.7 bn. The National Bank of Egypt (NBE)\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601810,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/al-canal-sugar-signs-egp-1-2-bn-usd-100-mn-bridge-loan-deal\/","url_meta":{"origin":704057,"position":2},"title":"Al Canal Sugar signs EGP 1.2 bn, USD 100 mn bridge loan deal","author":"enterpriseam admin","date":"11 March 2019","format":false,"excerpt":"Eastern Sugar Company has lined up bridge financing of EGP 1.2 bn and a further USD 100 mn for its El Minya factory,the company said in a statement (pdf). The syndicated facility was provided by the National Bank of Egypt, QNB Al Ahli, Bank of Alexandria, Industrial Development Bank, The\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":657147,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/16\/egyptian-lenders-back-bns-in-energy-and-port-expansion-loans\/","url_meta":{"origin":704057,"position":3},"title":"Egyptian lenders back bns in energy and port expansion loans","author":"enterpriseam admin","date":"16 December 2024","format":false,"excerpt":"Cheiron Energy secured central bank approval for a USD 80 mn syndicated loan to expand operations","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1023.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593733,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/08\/national-bank-of-egypt-qnb-provide-egp-1-7-bn-loan-to-redcon-construction\/","url_meta":{"origin":704057,"position":4},"title":"National Bank of Egypt, QNB provide EGP 1.7 bn loan to Redcon Construction","author":"enterpriseam admin","date":"8 October 2019","format":false,"excerpt":"The National Bank of Egypt (NBE) and Qatar National Bank are providing a EGP 1.7 bn syndicated loan to Redcon Construction, according to Al Mal. The money will finance the company\u2019s contracting operations to build multi-purpose towers in New Alamein City.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":608607,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/23\/idg-led-consortium-to-sign-mou-to-develop-beni-suef-dry-port-plus-jumia-aman-valu-ebi-rakta-al-ahly-pharos-kima-tecnimont\/","url_meta":{"origin":704057,"position":5},"title":"IDG-led consortium to sign MoU to develop Beni Suef dry port. PLUS: Jumia + Aman, Valu + EBI, Rakta + Al Ahly Pharos, Kima + Tecnimont","author":"enterpriseam admin","date":"23 October 2023","format":false,"excerpt":"The port project could require some USD 500 mn according to a local news outlet","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1102.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/704057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=704057"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/704057\/revisions"}],"predecessor-version":[{"id":704138,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/704057\/revisions\/704138"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/704047"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/704058"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=704057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=704057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=704057"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=704057"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=704057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}