ALEXBANK Finances 83% of Alstom’s Industrial Complex Construction Costs in Borg El Arab to Consolidate Egypt’s Position as a Regional Hub for Advanced Manufacturing

 ALEXBANK, part of the Intesa Sanpaolo Group- within the International Banks Division announced the provision of a medium-term loan to Alstom Railways Components Manufacturing (a subsidiary of the global Alstom Group), to finance up to 83% of the costs for establishing and developing its new industrial complex in Borg El Arab – Alexandria. This strategic move reflects the Bank’s ongoing commitment to supporting Egypt’s economic development and industrial transformation.

The new industrial complex, spanning 40 acres in the Borg El Arab industrial zone, will be cutting-edge production and assembly lines for railway electrical systems and components — including signaling systems, control panels, and cable harnesses. It will also include a second facility dedicated to the manufacturing of rolling stock units, such as light rail transit (LRT) vehicles, monorails, and high-speed trains. Upon reaching full operational capacity, the complex will become a fully integrated regional manufacturing hub—enhancing local value creation, contributing to the modernization of Egypt’s railway infrastructure, and supplying essential components to both domestic and regional markets.

In this regard, Mr. Paolo Vivona, CEO and Managing Director of ALEXBANK, stated: “At ALEXBANK, we believe that supporting the transport sector and localizing strategic industries are fundamental pillars for sustainable economic growth in Egypt. Our financing of this project in partnership with the Alstom Group represents a significant step toward strengthening Egypt’s industrial capabilities.

He added: “The partnership between ALEXBANK and Alstom Group reflects a shared vision and ambition to drive industrial transformation in Egypt. This partnership contributes to increasing export volumes and enhancing local value addition. These investments demonstrate Intesa Sanpaolo’s commitment to being a trusted partner that supports sustainable economic growth and creates a lasting positive impact on the national economy.”
Ramy Salah El-Din, Managing Director of Alstom Egypt emphasized: “The Alstom industrial complex in Borg El Arab marks a pivotal milestone in our commitment to Egypt. More than just a factory, it is a strategic regional hub designed to localize cutting-edge railway technologies and cultivate a new generation of highly skilled Egyptian talent.

He added: “Our ambition is to elevate Egypt’s role beyond self-sufficiency, establishing it as a key manufacturing and export center for smart mobility in the region. We deeply value our strategic partnership with ALEXBANK, which reflects strong confidence in our vision and reinforces our shared efforts to boost the national economy’s added value.”

This step aligns with ALEXBANK’s vision and the Intesa Sanpaolo Group, to support strategic investments that contribute to Egypt’s efforts to build an advanced industrial base capable of export. It also reflects the bank’s commitment to playing a key role in driving industrial transformation and strengthening Egypt’s position as a regional hub for advanced manufacturing.