The National Bank of Fujairah has successfully finalized a financing agreement worth $100 million for the construction of a clinker production unit by Pure Cement LLC. This agreement is a single currency term loan aimed at supporting the growth of the cement production sector in the region.

This significant investment highlights the bank’s commitment to financing key infrastructure projects that are essential for economic development. The project is expected to enhance local production capabilities and contribute to the construction industry by ensuring a steady supply of cement.

Officials from the National Bank of Fujairah emphasized the importance of this financing deal in promoting sustainable growth and supporting local businesses. They noted that such investments are crucial for meeting the increasing demand for construction materials in the area.