“”Future Union” and “Generale Costruzioni Ferroviarie” Sign Strategic Partnership to Develop Railway Projects under BOT System

June 24, 2026

Future Union, a leading international investment group specializing in infrastructure, and Generale Costruzioni Ferroviarie (GCF), the Italian railway construction company, announced today the signing of a comprehensive strategic partnership agreement. The partnership aims to establish a long-term alliance to develop, finance, construct, and operate major railway projects around the world under the BOT (Build – Operate – Transfer) system.

This powerful alliance brings together Future Union’s immense financing and project development capabilities with GCF’s engineering and technical expertise, which spans over 60 years in the railway infrastructure sector. Future Union is headquartered in Qatar and maintains an extensive network of branches and partners across Africa, while GCF is distinguished by its high-level expertise in track superstructure, electrification, metro, tram, and signaling systems.

Under the agreement, both parties will focus on executing projects in the following promising markets:

· Tanzania: Both parties will contribute to the development of the “Standard Gauge Railway Project” (SGGR). Future Union has previously expressed interest in investing in Tanzania’s mining, energy, and agricultural sectors, which supports infrastructure projects.
· Syria: The parties will activate the Memorandum of Understanding signed between Future Union Syria and the Syrian General Establishment of Railways, which aims to develop and operate railway lines, study the construction of new lines, and supply modern trains. It is worth noting that Syria requires an estimated investment of $5.5 billion to rehabilitate and modernize its railway network.
· Kingdom of Saudi Arabia: Investment and construction opportunities in railway projects within the Kingdom will be explored.
· Silk Road Project: The partnership’s work will fall within the framework of the Memorandum of Understanding signed between Future Union Syria and the Syrian Railway Establishment regarding the “Silk Road” project to reconnect the region with international transport networks.

The Board of Directors of Future Union Qatar and all its branches extends its warmest congratulations to the Islamic nation on the occasion of the holy month of Ramadan. We wish you continued success and prosperity.

Le Conseil d’administration de Future Union Qatar et toutes ses branches présentent leurs chaleureuses félicitations à la nation islamique à l’occasion du saint mois de Ramadan. Nous vous souhaitons beaucoup de succès et de prospérité.

Future Union Qatar Enters Negotiations to Acquire Stake in Mashreq al-Arabi Bank for Investment Iraq

DOHA, Qatar – November 11, 2025 – Future Union Qatar announced today the commencement of preliminary negotiations with the Mashreq al-Arabi Bank for Investment Iraq regarding the potential acquisition of a significant stake in the Iraqi bank.

The first round of talks, held in Doha, marks a strategic step for Future Union Qatar as it seeks to expand its footprint in the Iraqi market. This move is a key part of the company’s broader strategy to finance a portfolio of planned projects in Iraq, with the company also planning to establish a direct operational branch in the country in the coming weeks.

The high-level meeting was attended by prominent figures, underscoring the importance of the potential partnership. The Qatari delegation included:

· His Excellency Sheikh Abdulrahman bin Hamad Al Thani.
· His Excellency Mr. Hassan Al-Daghriri, Vice Chairman of the Board of Directors.
· Dr. Abdelgalil Sharaf, Chief Executive Officer.
· Eng. Mohammed Al-Muhaisi, General Manager of Development.
· Advisor Abdunnabi Mohammed, Financial Advisor for the Banking Sector.

The Iraqi delegation was represented by:

· Dr. Qaysar Mahdi, Head of the Delegation.
· Advisor Abdulmohsen Hussein.
· Dr. Malik Al-Afeefa, Head of the Anti-Financial Crime Department.
· Advisor Jassim Jabir Abdul, Bank Advisor.

A spokesperson for Future Union Qatar stated, “Entering these discussions is a testament to our confidence in the economic potential of Iraq and the strength of the Mashreq al-Arabi Bank for Investment. This potential investment aligns with our long-term strategy to support key development projects and contribute to the growth of the Iraqi economy.”

About Future Union Qatar:
Future Union Qatar is a diversified investment company with a focus on strategic acquisitions and project financing across the Middle East and North Africa region. The company is dedicated to identifying high-growth opportunities and forging partnerships that drive economic development.

About Mashreq al-Arabi Bank for Investment Iraq:
The Mashreq al-Arabi Bank for Investment Iraq is a leading financial institution operating under Islamic Sharia principles. It offers a comprehensive range of banking and investment services, playing a vital role in supporting the Iraqi economy and the private sector.