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National Bank of Egypt (NBE) announced that it has successfully arranged and managed a long-term syndicated loan of up to EGP 6.06 billion for Arabia Hotels, to finance part of the investment cost of the Fairmont Sun Capital Hotel project.

The project includes a luxury hotel with 490 rooms and suites, along with restaurants, meeting and conference halls, a health club, supporting service buildings, and serviced residential apartments operated according to the highest international standards. The development is located in the Giza Pyramids area, near the Grand Egyptian Museum, reinforcing its strong tourism and investment appeal.

NBE is acting as Facility Agent and Security Agent within a banking consortium that includes The United Bank, Industrial Development Bank, Kuwait Finance House – Egypt, Agricultural Bank of Egypt, and Al Baraka Bank, reflecting a strong model of banking cooperation in financing high-impact national projects.

Mohamed El-Etreby, CEO of NBE, stated that arranging this financing aligns with the bank’s commitment to supporting major investment projects that enhance Egypt’s economic competitiveness. He emphasized that the project represents a significant addition to Egypt’s luxury hospitality infrastructure, while contributing to sustainable job creation during both construction and operation phases.

El-Etreby highlighted the project’s strategic location near the Giza Pyramids as a unique advantage that will boost occupancy rates, investment returns, and long-term sustainability. He added that the financing structure was carefully designed to align with the project’s nature while applying best practices in governance and risk management.