Arab Bank has recently signed a strategic cooperation agreement with Industrial Development Group (IDG), a leading developer and operator of integrated industrial zones in Egypt, with the aim of supporting and empowering small and medium-sized enterprises (SMEs) operating within IDG’s industrial zones. The agreement reflects Arab Bank’s ongoing commitment to strengthening this vital sector, which represents a key pillar of Egypt’s economic and industrial growth, Invest-Gate reports.
Under the agreement, companies operating within IDG’s industrial zones will gain access to Arab Bank’s comprehensive and innovative banking services, specifically tailored to meet the needs of a modern industrial business environment. The cooperation will also enable the bank to expand its outreach to SMEs, providing efficient banking and advisory services, as well as suitable financing solutions to support business expansion and growth through its dedicated SME team.
Mr. Tamer Yehia, Country Head of SMEs at Arab Bank Egypt, said: “The agreement represents an important step reflecting the bank’s commitment to supporting Egypt’s industrial business environment and its firm belief in the pivotal role SMEs play in driving economic growth.” He added that Arab Bank continues to support SMEs through a wide range of tailored banking solutions designed to strengthen their market presence, enhance profitability, and achieve sustainable growth, while providing the tools needed for expansion, innovation, and long-term success in a competitive market.
Mr. Shady William, Managing Director of Industrial Development Group (IDG), stated that the partnership marks a new milestone in IDG’s journey toward building an integrated industrial ecosystem that supports and empowers investors and companies operating within its zones. He emphasized that SMEs are the true engine of industrial growth, playing a central role in boosting production capacity and attracting investment. Through this agreement, IDG aims to combine high-quality infrastructure with innovative banking and financing solutions that enhance companies’ competitiveness and expansion opportunities, setting a model for sustainable industrial development.
Arab Bank is recognized as one of the leading banking institutions locally and regionally in supporting the corporate sector. The bank has recently received several prestigious international awards, including “Best Corporate Digital Bank in Egypt for 2025” and “Best Bank in the Middle East 2025” from Global Finance magazine.
Industrial Development Group (IDG) holds an industrial land portfolio of 23.4mn sqm, enabling it to develop fully integrated industrial cities with advanced infrastructure and high-quality services that meet the needs of local and international companies and support national economic development efforts. Since launching the e2 October industrial complex in 2008 as Egypt’s first integrated industrial zone, IDG has expanded its footprint with the East Port Said Industrial Zone in 2019 within the Suez Canal Economic Zone, serving as a gateway to European and regional markets, as well as the e2 Alamein project on the Mediterranean coast. IDG is also committed to applying the highest sustainability standards across its developments through circular economy practices that deliver positive environmental and social impact.