Economy Local March 10, 2025

National Bank of Fujairah Leads Major Financing Deal

The National Bank of Fujairah has announced its role in a financing deal worth $100 million to support the construction of a clinker production unit for Pure Cement in Dubai.


National Bank of Fujairah Leads Major Financing Deal

Fujairah National Bank plays a key role in organizing and providing financing for the project totaling 135.97 million dollars. Collaborating with Emirates NBD and Ras Al Khaimah National Bank, the bank leads the financing process, ensuring the purchase of equipment and main assets, which guarantees the successful implementation of the project.

Fujairah National Bank announced the organization and closing of financing transactions in a single currency totaling 100 million dollars for the construction of a production facility for the company Pure Cement. The production capacity of the plant will be 6,500 tons per day, and the energy station will be based on a heat recovery mechanism and have a capacity of 8.5 megawatts.