Arab Bank signs strategic cooperation agreement with Industrial Development Group (IDG) to support and empower small and medium enterprises
Arab Bank recently signed a strategic cooperation agreement with the Industrial Development Group (IDG), one of the most prominent companies specialized in the development, operation and management of integrated industrial zones in Egypt, with the aim of supporting and empowering small and medium-sized enterprises operating within the group's industrial zone. This cooperation comes within the framework of Arab Bank's continued commitment to support and enhance the capabilities of this vital sector, which is a key pillar of economic and industrial growth in Egypt.
This agreement will allow companies operating within the Group's industrial zones to benefit from Arab Bank's comprehensive and innovative banking services, specifically designed to meet the needs of the evolving industrial business environment. It will also contribute to expanding access to these companies, enabling the Bank to provide its banking and consulting services with high efficiency, and providing appropriate financing solutions that support business expansion and growth, through its team specialized in the small and medium enterprises sector.
On this occasion, Mr. Tamer Yahya, Head of the Small and Medium Enterprises Sector – Arab Bank Egypt, said: “This cooperation represents an important step that reflects the Arab Bank's commitment to supporting the industrial business environment in Egypt, and its belief in the vital role of the SME sector in driving economic growth.” He added: “At Arab Bank, we continue to support the SME sector by providing a full range of banking solutions and features tailored to meet their needs, enable them to strengthen their presence in the local market, and increase their chances of achieving profitability and sustainable growth. We are also keen to provide tools and services that help them achieve their goals in expansion and innovation, and ensure the continuity of their success in a competitive business environment.”
For his part, Mr. Shady William, CEO of Industrial Development Group (IDG), said: “This cooperation with Arab Bank represents a new step in IDG's march to establish an integrated industrial environment based on supporting and empowering investors and companies operating within our industrial zones. We believe that SMEs are the true engine of industrial growth, and their role is pivotal in enhancing production capabilities and attracting more investments. Through this agreement, we are working to provide an integrated system that combines high-quality infrastructure and innovative financing and banking solutions that contribute to driving the companies' business towards greater expansion and competitiveness. We look forward to this cooperation being a role model in supporting the industrial sector and paving the way for more opportunities for sustainable growth.”
It should be noted here that Arab Bank is considered one of the leading banking institutions locally and regionally in supporting the corporate sector, as it recently received many awards from prestigious international entities, most notably the award of "Best Corporate Digital Banking Banking in Egypt for 2025" and the "Best Bank in the Middle East" award from Global Finance magazine.
The Industrial Development Group (IDG) is characterized by an industrial land portfolio of 23.4 million square meters, which enables it to develop integrated industrial cities that provide advanced infrastructure and high-quality services that meet the needs of local and international companies, and support the country's efforts to promote economic development. Since launching the e2 complex in October 2008 as the first integrated industrial zone in Egypt, IDG has continued to expand its presence by developing the East Port Said Industrial Zone within the economic zone in 2019, to be a gateway to European and regional markets, along with the e2 Alamein project, which strengthens its position as a gateway to global trade on the Mediterranean coast. IDG is committed to applying the highest standards of sustainability in all its industrial parks through the adoption of circular economy practices, which supports industrial development and has a positive impact on society and the environment.