Jointly with Samsung Engineering and Tecnicas Reunidas, the turnkey project (Engineering, Procurement and Construction, EPC) has a total value of USD 4Bn. UBAF issued its counter guarantee in favor of the Banque Extérieure d’Algérie for performance and advance payment bonds, for a total value of EUR 130Mn.
Through its strong banking network and solid balance sheet, UBAF regularly supports large EPC and infrastructure projects in Africa and the Middle East region.
