Beltone Leasing & Factoring, a subsidiary of Beltone Holding, has signed an EGP 4 bn syndicated leasing term sheet with Al Qalaa Al Hamraa for Facilities Management to finance the construction of Al Ahly Club’s stadium and sports city in Sheikh Zayed, Invest-Gate reports. The development, dubbed the “Project of the Century,” marks a significant step in Egypt’s sports and entertainment infrastructure.

The project includes a 42,000-seat stadium, a sports hospital, a museum, a university, a specialized sports school, and a hotel. It is expected to enhance Egypt’s standing in the global and regional sports industry.

Beltone Investment Banking serves as the exclusive financial advisor to Al Qalaa Al Hamraa, overseeing development and capital raising for the project. The initiative aligns with Beltone’s commitment to supporting strategic investments that foster economic growth.

Amir Ghannam, Deputy Head of NBFIs – Leasing, Factoring & Consumer Finance at Beltone Leasing & Factoring, stated: “This partnership reinforces our dedication to financing transformative projects that contribute to economic and community development.”

Mohamed Kamel, Chairman and CEO of Al Qalaa Al Hamraa, added: “Al Ahly Stadium is a groundbreaking milestone in Egypt’s sports investment, positioning the country as a key player on the regional and global stage.”