Early Warning System

Countries

Egypt

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Jul 22, 2026

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

GB Logistics

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Construction
Transport

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 9.12 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EGP 465,000,000.00
Converted using 2026-07-21 exchange rate.

Project Cost (USD)

$ 9.57 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EGP 488,290,939.20
Converted using 2026-07-21 exchange rate.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Aug 11, 2026

Disclosed by Bank Jul 21, 2026

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank provided information, the investment involves the provision of a senior loan of up to EGP 465 million (circa EUR 8.3 million equivalent) to GB Logistics ("GBL" or the "Company"), to finance the construction of up to three new warehouses and procurement of up to five electric trucks and associated charging stations (the "Project"). The loan is expected to be secured by a corporate guarantee from GB Corp (the "Guarantor" or the "Group").

The Project is expected to be co-financed by a EUR 400,000 investment grant from the EBRD Shareholder Special Fund ("SSF") and FINTECC, to support the procurement of the electric trucks.

The loan proceeds will be used to finance the construction of new warehouses and the procurement of electric trucks, with the aim of enhancing the Company's competitiveness and reducing its carbon footprint.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

EBRD loan of EGP 465 million (circa EUR 8.3 million equivalent) and EUR 400,000 Capex Grant (circa EGP 22.5 million) financed by SSF (EUR 213,000) and FINTECC (EUR 187,000).

Total Project cost of EGP 487.5 million (circa EUR 8.7 million equivalent).

Financed by : EGP 465 million (circa EUR 8.3 million equivalent) EBRD loan and EUR 400,000 EBRD Capex Grant (circa EGP 22.5 million).

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

GB Logistics ("GBL" or the "Company") is the logistics arm of GB Corp (the "Guarantor" or the "Group") and operates as an Egyptian Integrated Service Provider ("IPS") offering end to end logistics and supply chain solutions to corporate clients including warehousing (bonded and nonbonded), transportation, freight forwarding, customs clearance, contract logistics, and supply chain management services in Egypt and internationally.

Originally established to provide integrated logistics services across the GB Corp Group and support vertical integration of its automotive and industrial businesses, GBL has progressively expanded its operations to serve a growing base of third-party customers, positioning itself as a standalone logistics provider.

GBL provides comprehensive, single-platform supply chain management, letting clients outsource critical logistics functions. Their integrated offerings eliminate the need for multiple vendors by combining storage, transportation, customs clearance, and freight forwarding into one seamless workflow.

GBL is 99.98% owned by RG Investment S.A.E, which, in turn, is 99.99% owned by GB Corp. GBL's operations are anchored by a large logistics hub in Sadat City providing bonded and non-bonded warehousing with onsite customs presence, supported by integrated warehouse and yard management systems.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	GB Logistics	Client	Transport

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Karim Gaddas
karim.gaddas@gb-auto.com
+202 35391201
gb-auto.com
Kilometer 28, Alexandria Desert Road, Abu Rawash, Giza, Egypt

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html