Emirates NBD-Egypt and Abdos FMCG Manufacturing Company – Egypt forge strategic partnership

Emirates NBD-Egypt and Abdos FMCG Manufacturing Company – Egypt forge strategic partnership

Cairo, Egypt: Emirates NBD-Egypt, a subsidiary of the leading banking group Emirates NBD in the Middle East, North Africa, and Turkey, has recently made a significant stride in the Egyptian market. The bank has entered a strategic partnership with Abdos FMCG Manufacturing Company - Egypt, signing a medium-term loan facility that will have far-reaching implications for both parties involved. This collaboration not only signifies new opportunities but also contributes to the development of the Egyptian market as a whole.

Abdos-Egypt has forged a deal with the Suez Canal Economic Zone (SCZone) to establish a factory at Orascom Industrial Parks' Sokhna Complex. With the establishment of this factory, a remarkable 500 direct job opportunities are expected to be created. The decision to set up this manufacturing unit is in line with SCZone's vision to open up to global markets, particularly Asian economies which have strong trade relations with Egypt. The SCZone and the Egyptian government are making significant efforts to ensure a conducive environment for investors by implementing various financial incentives aiming to attract new investments.

This partnership between Emirates NBD-Egypt and Abdos-Egypt seamlessly aligns with the bank's key objectives of supporting foreign investments, promoting sustainable development, and making a positive impact on