DEALS | 12 JULY 2021 Breaking ground to enable regional economic growth Absa | Corporate and Investment Banking > Insights and Events > Breaking ground to enable regional economic growth SHARE Absa has made another stride in business investment. The team recently financed the Newlyn Group for the development of the iconic Newlyn Park Rail Terminal. We are proud to be part of an investment deal that has seen over 11,000 jobs being created in the eThekwini Municipality. The R2.4bn finance deal with the Newlyn Group is one aimed at growing the Durban harbour as well as businesses that function within the precinct. The redevelopment of the iconic Newlyn Park Rail Terminal will see the 630,441m² extent become a modernised hub from which business can thrive. With our expertise in corporate finance and ability to invest in business growth, precincts like Newlyn Park will soon become one of many to create jobs and ultimately change lives. Contact: firstname.lastname@example.org https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles Financial Sector Insights Technology transforming finance: The state of play in Africa Africa is emerging as a hotspot for innovation in financial ecosystems. Financial Sector Insights New entrants are disrupting the financial institutions group sector Challenger entrants are changing the face of the FIG sector, impacting this year’s significant trends. Financial Sector Insights Room for consolidation in the insurance sector in Africa The insurance sector in South Africa could benefit from the consolidation of small, independent and unprofitable brands into bigger and stronger players.