Türkiye’s Cimsa Secures EUR 25 Million EBRD Loan For Green Transition; UAE And Hungary Boost Economic Ties With Focus On Renewable Energy and More...
?imsa ?imento Sanayi ve Ticaret A.?. (Cimsa), a leading cement producer in Türkiye, has secured a significant step towards sustainability with a EUR 25 million long-term loan from the European Bank for Reconstruction and Development (EBRD). The funding will support Cimsa’s ambitious decarbonization initiative aimed at enhancing energy efficiency and reducing carbon emissions across its operations.
The fourth session of the UAE-Hungary Joint Economic Committee (JEC) took place in Budapest on July 19-20, chaired by H.E. Abdullah bin Touq Al Marri, Minister of Economy of the UAE, and H.E. Peter Szijjártó, Minister of Foreign Affairs of Hungary. The meeting saw participation from various officials and representatives from the government and private sectors of both countries.
The Japan Bank for International Cooperation (JBIC) signed a USD 12 million loan agreement with MITSUI & CO., LTD. to support ammonia production through its subsidiary, Ammonia Project Company RSC LTD, in the United Arab Emirates (UAE). This funding, co-financed with Sumitomo Mitsui Banking Corporation, totals approximately USD 27 million and aims to bolster MITSUI’s investment in ammonia production and sales operations in the UAE.
During a successful official visit to the Netherlands, His Highness Sheikh Tamim bin Hamad Al-Thani, the Amir of the State of Qatar, concluded talks with Dutch leaders aimed at enhancing bilateral relations and fostering cooperation across various sectors.