Commercial International Bank–Egypt (CIB) has signed a partnership and financing agreement with Paradise Textiles and several affiliated companies to support the establishment of the region’s largest fabric manufacturing plant in the Amreya Public Free Zone in Alexandria Governorate, underscoring the bank’s commitment to backing large-scale industrial projects with environmental and export potential. The total investment cost of the project stands at around $102m, with CIB providing financing of $72m to be disbursed in three phases. LEED certification holds strategic importance for Paradise Textiles, particularly as the company is a major exporter to the US market and seeks to work with leading global brands, for which sustainability certifications are increasingly a prerequisite for competitiveness and market access. “At CIB, we believe our responsibility as the largest private-sector bank in Egypt extends beyond providing traditional financing solutions,” El-Genainy said. “We aim to empower national projects capable of competing globally and delivering a qualitative leap in Egyptian exports.

Source: Daily News Egypt February 09, 2026 16:15 UTC