Syndicated loan for Jefaira project
By Global Infrastructure Sherpa · Feb 22, 2026
Inertia Egypt secured a long-term syndicated loan valued at EGP 5.2bn to partially finance the investment cost of its flagship Jefaira project in Ras El Hekma, with National Bank of Egypt as one of the lenders.
Deal Analysis
Inertia Egypt's securing of a EGP 5.2 billion syndicated loan represents a significant financial commitment towards the development of its Jefaira project in Ras El Hekma. The participation of major Egyptian banks, including National Bank of Egypt, Banque Misr, Banque du Caire, Housing and Development Bank, and Suez Canal Bank, underscores the project's perceived viability and strategic importance within the Egyptian real estate and tourism sectors. This financing will partially cover the investment costs associated with the Jefaira development, a flagship project for Inertia Egypt.
The size of the syndicated loan, coupled with the involvement of prominent lenders, signals strong confidence in the Jefaira project's potential to contribute to the growth of the Ras El Hekma region. The deal highlights the ongoing investment in large-scale real estate and tourism developments in Egypt, particularly along the Mediterranean coast. The participation of multiple banks also demonstrates a collaborative approach to financing major infrastructure projects within the country, potentially setting a precedent for future developments.
- EGP 5.2 billion syndicated loan represents a substantial financial commitment.
- Inertia Egypt's Jefaira project is the recipient of the financing.
- National Bank of Egypt and other major Egyptian banks are participating as lenders.
- The deal highlights investor confidence in the Ras El Hekma region's development potential.
Market Context: The Egyptian real estate market, particularly in coastal regions like Ras El Hekma, is experiencing significant investment and development activity, driven by tourism and residential demand. Syndicated loans are a common financing mechanism for large-scale projects in this sector.
Source Intelligence
KEY DETAILS
The loan will partially finance the investment cost of the Jefaira project. "El Adawy noted that the syndicated financing underscores strong confidence from the banking sector and contributes to enhancing the company’s capital structure by extending debt maturities and alleviating short-term cash flow pressures."
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Deal Size
Inertia recently secured a long-term syndicated loan valued at EGP 5.2bn to partially finance the investment cost of its flagship Jefaira project in Ras El Hekma.
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Location
Inertia recently secured a long-term syndicated loan valued at EGP 5.2bn to partially finance the investment cost of its flagship Jefaira project in Ras El Hekma.
PARTIES MENTIONED IN SOURCE
I
Inertia Egypt
borrower
"Inertia Egypt recently secured a long-term syndicated loan valued at EGP 5.2bn to partially finance the investment cost of its flagship Jefaira project in Ras El Hekma."
N
National Bank of Egypt
lender
"The facility was arranged through a consortium of leading Egyptian banks, including Banque Misr, Banque du Caire, National Bank of Egypt, Housing and Development Bank, and Suez Canal Bank."
B
Banque Misr
lender
"The facility was arranged through a consortium of leading Egyptian banks, including Banque Misr, Banque du Caire, National Bank of Egypt, Housing and Development Bank, and Suez Canal Bank."
B
Banque du Caire
lender
"The facility was arranged through a consortium of leading Egyptian banks, including Banque Misr, Banque du Caire, National Bank of Egypt, Housing and Development Bank, and Suez Canal Bank."
H
Housing and Development Bank
lender
"The facility was arranged through a consortium of leading Egyptian banks, including Banque Misr, Banque du Caire, National Bank of Egypt, Housing and Development Bank, and Suez Canal Bank."
S
Suez Canal Bank
lender
"The facility was arranged through a consortium of leading Egyptian banks, including Banque Misr, Banque du Caire, National Bank of Egypt, Housing and Development Bank, and Suez Canal Bank."
high quality
Enriched Feb 23, 2026
Market Context
This deal is part of the Utilities sector in Egypt.
1 of 65 Utilities deals tracked this month · Updated daily
Global Infrastructure Sherpa