devinitorg/iati-policy-markers huggingface dataset:
Alexandria Carbon Black Expansion Summary Of Project Information (SPI)       Project Name    EGYPT-Alexandria Carbon Black Company SAE (ACB)              Region    Middle East/North Africa        Sector       Project No007595   Projected Board DateJune 18, 1996   Company NameAlexandria Carbon Black Company SAE   Technical Partner and/or Major Shareholders    	ACB is 51% owned by the Aditya Birla Group, through Grasim Industries of India, a leading industrial company engaged in production of synthetic fibers, textiles, cement, and various chemicals, and Indo-Bharat Rayon of Indonesia, a textile company.  The Birla Group operates carbon black plants in Thailand, India and Egypt.  The Egyptian partners in ACB include the two local tire manufacturers,  and the technical partner is Continental Carbon Corporation, a major US based carbon black producer.    Project Cost Including proposed IFC investment    	The estimated cost of the expansion is US$41 million.  IFC is considering a loan of US$5 million and an equity investment of US$1.5 million.    Location of project and Description of site    	ACB''s carbon black plant is located in the new Amereya Industrial Zone, 35 kms. Southwest of Alexandria, easily accessible from the main Cairo-Alexandria desert road.         Description of Company and Purpose of Project     	The Project is an expansion of ACBs existing carbon black plant to increase capacity by 33,000 mtpy.  IFC helped bring the first project to fruition, which was based upon using locally available raw materials to produce carbon black for supply to the Egyptian tire industry.  With this initial grass roots development completed and ACB establishing itself as a reliable producer of good quality product, the expansion project is geared at increasing its penetration of  the export market where favorable opportunities exist.     Environmental Category and Issues    	This is a category B project according to IFCs environmental procedure.  Environmental and occupational health and safety issues associated with the Project include air emissions, solid waste management and liquid effluent treatment and discharge.  Occupational health and safety issues include exposure to dust, fire safety and explosion prevention, and general employee health and safety.  The Company will prepare an environmental assessment which will be provided to IFC for review.     The  is   May 13, 1996 from the Public Information Center.         Date SPI sent to PIC     May 10, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Lecico Project The Lecico Group (Lecico or the Group), a leading manufacturer of sanitary ware and ceramic tiles in the Middle East, headquartered in Alexandria, Egypt, has requested IFC to provide a corporate loan of up to $20 million.  The Groups holding and main operating company Lecico Egypt S.A.E (Lecico Egypt or the company) is planning to make various investments to expand the Groups production capacity in Egypt and to refinance the debt of its majority-owned subsidiary the Lebanese Ceramic Industries Co. S.A.L. (Lecico Lebanon) in Lebanon.  The proposed investment will help Lecico address sanitary ware export growth opportunities in the region and Europe as well as reduce production costs further in order to make it more competitive.
EFG-Hermes Project Formed in 1996 as a result of the merger between the Egyptian Financial Group and Hermes Group, EFG-Hermes is a leading brokerage services and investment banking company based in Egypt with operations throughout the MENA region. EFG currently provides brokerage, asset management, and investment banking services to its clients in Egypt, UAE, Saudi Arabia, Oman, and Kuwait. It also manages private equity funds with investments in the MENA region. 

IFC has a longstanding relationship with EFG. The proposed project will be IFCs third investment in EFG and aims to support EFGs further expansion plans both in Egypt and the MENA region. The project is expected to have a high development impact as it would: 

- On a regional level, contribute to the development of regional capital markets, facilitate capital flows within the region, and lead to economies of scale, making local investment opportunities more attractive to overseas investors; and

- On a country level, allow to deepen and broaden the Egyptian capital markets.
Factoring Egypt The proposed project involves establishing a non-bank finance institution (the company) that will provide factoring and forfaiting (exclusively for trading purpose) services for export-oriented businesses in Egypt.  The initial capitalization of the company is expected to be $5 million and will be expanded to $15 million by the end of its fourth year.  The sponsors of this project include First International Merchant Bank (FIMBank)  as a 40% equity investor, Commercial International Bank Egypt S.A.E. (CIB)  as a 40% equity investor, and IFC holding the remaining 20% of the companys shares.  FIMBank will play the key role as technical partner capitalizing on its international expertise in factoring.  CIB will bring its local market expertise and client base into the new venture by leveraging on its existing market presence.  The company plans to start its operations with international factoring representing between 50-60% of the total business volume, and the rest divided between local factoring and small-ticket forfaiting.  Initially, the company will fund itself through equity, going forward other funding sources will be sourced at the local level.    

The project would create Egypts first factoring company and is expected to cater to the needs of Egyptian exporters who currently require additional liquidity to fund their growing business needs.  With 38% of Egyptian exports flowing to the United States and Europe (countries with significant factoring activity), Egypts export-oriented firms would be ideal for export factoring, given the exporters short-term financing requirements and the relatively lower importer risk. The company would aim to be a one-stop-shop for exporters in Egypt and is expected to have a strong positive impact by enhancing the level of credit being made available to exporters in Egypt.
MNT Group Project The Project consists of an equity investment in MNT Investments BV (the Company). The Company operates MNT-Halan, an Egyptian fintech platform offering small and micro business lending, payments, consumer finance and e-commerce services. The Project is expected to promote increased access to finance for micro, small and medium enterprises (MSMEs) and consumers in Egypt. Beyond the Project, IFC also anticipates that the investment will help improve competitiveness in the Egyptian MSME finance market by supporting a leading innovator that leverages technology to provide competitive MSME and consumer credit at scale.
Wadi II Project Wadi Holdings Company (SAE) (Wadi or the company), a poultry producer and existing IFC client, is undertaking a 2 year investment program to expand its feed milling and pelleting capacity, plant olive groves and grape farms, establish a celpad plant, and expand its glass containers capacity. The proposed project will support the expansion of a successful company. In addition to the benefit for its financiers, the project is expected to have the following development impacts:  - Create new employment within the company; - Improve poultry producer efficiencies and in turn benefit consumers; - Support export oriented industries such as glass and olives.
EAB Housing Finance Company The objective of the project is to establish one of the first specialized housing finance companies in Egypt (the company). The project will address the scarcity of long term financing for potential homeowners, and help develop a more efficient and innovative housing finance industry. In the long term, it will further contribute to the deepening of Egypts financial market, by  enabling a vast number of Egyptians presently experiencing facility housing shortages to gain access to safe/improved housing and to obtain a higher standard of living. The development of a housing finance industry will also help boost housing investments and promote the growth of overall savings in the economy. 

The IFC's role in the project is two fold:

IFC would assist in the development of a business strategy and operations of the company based on its experience in financing housing finance companies, i.e. where applicable, institutional building, and,

IFC would seek to provide assistance to the company to raise long-term loans during its initial phase of operations, i.e. long-term funding and resource mobilization.
Fawry I Project Fawry for Banking and Payment Technology Services SAE (Fawry, the Company), is the first and largest electronic bill payment platform (EBPP) in Egypt. The Company was established in 2008 with the objective of facilitating payments on a ubiquitous electronic platform. Its extensive network footprint with more than 10,000 points of presence allows (a) consumers to pay bills or top-up their mobile phones and (b) businesses to pay for goods and services.  Fawry has invited IFC to invest up to [US$6.0] million in equity to finance the Companys growth and help support the Company in (i) continued expansion of its network within Egypt, (ii) service and product development and (iii) sales and marketing (together the Project). The Project would result in 16,000 additional points of presence and number of new products offerings, including business to business (B2B) payments. The project will have the following development impacts: - Create an efficient, reliable collection infrastructure for billers; - Provide consumers with a convenient, reliable and secure payment option; - Facilitate trade by reducing transaction costs and overcoming geographic barriers;  - Extend financial inclusion by reaching unbanked populations with limited access to traditional banking services; and - Signal to the market, that Egypt has viable and innovative early stage companies that can attract venture funding.
Al Subh Solar Power table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }           The project is a greenfield 50 MW photovoltaic (PV) plant as part of Round 2 of the Egyptian Government feed-in-tariff (FiT) scheme for domestic solar PV and wind energy projects. The project is being developed by Al Subh Solar Power S.A.E., a Special Purpose Vehicle (SPV) owned by a Joint Venture (JV) consortium of Acciona Energía Global and ENARA Bahrain. - Contribute to ensuring energy security in Egypt: The Project is expected to support the construction of around 50MW of solar
projects.
- Development of the Egyptian Renewable Energy Sector: The Project is expected to help play a catalytic role in starting solar
power development in the country.
- Employment: The Project will have a positive impact on economic development due to increased power generation in Egypt,
and will support direct and indirect jobs creation during the construction and operations.
- Climate Change: The Project will support climate related mitigation impact by providing clean, zero emissions electricity and
avoid greenhouse gas emissions of approximately 60,750 tons of CO2 per annum and thus contribute to addressing global
climate change concerns.
ORIX Leasing Egypt Summary Of Project Information (SPI)       Project Name    Egypt - ORIX Leasing                Region    Middle East      Sector   Project No007290   Projected Board DateMarch 31, 1996   Company NameORIX Leasing Egypt   Technical Partner and/or Major Shareholders    	 Technical Partner: ORIX Corporation of Japan                                               ORIX Leasing Pakistan                                Major Shareholder: National Bank of Egypt    Project Cost Including proposed IFC investment    	Total project cost US$20.9 million                                      IFC Investment: equity - US$0.88 million                                                loan   - US$5.00 million    Location of project and Description of site    	Cairo, Egypt    Description of Company and Purpose of Project    	ORIX Leasing Egypt (OLE) will be the first leasing company in Egypt and will offer medium term lease finance facilities to industrial and other productive sectors of the economy. The establishment of OLE would contribute to improving Egypts credit delivery system.  It would address the scarcity of term financing for medium-sized companies by introducing a flexible financing instrument allowing enterprises to benefit from near 100% financing and a scheduled of lease payments tailored to anticipated cash flows.    Environmental Category and Issues    	This is a Financial Intermediary (FI) category project according to IFCs environmental review procedure.  For relevant operations, OLE will be required to implement an environmental risk management system consistent with host country requirements and applicable World Bank policies and guidelines.  OLE has committed to attending an environmental risk management workshop to be conducted or sponsored by IFC, and to providing an environmental risk management plan satisfactory to IFC.  In addition, OLE will submit to IFC an annual environmental report.       Date SPI sent to PIC     March 4, 1996      For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711  facsimile: (202) 676-0365
EBFP-Siwa Oasis Project The project entails financing of up to $1.3 million from:

- the Environmental Business Finance Program (EBFP), a GEF funded, IFC managed program; and, 
- other IFC sources, to Environmental Quality International (EQI) for the implementation of a comprehensive sustainable development program in the Siwa Oasis region.  

Financing will be in the form of loans and technical assistance grants.

The project will primarily address the objectives of the Global Environment Facility (GEF) Operational Policies #1 (Arid and Semi-Arid Zone Ecosystems), through four specific initiatives including:  sustainable agriculture, eco-tourism, womens artisanship and renewable energy.  The project will directly promote entrepreneurialism and job creation through sustainable measures among Siwas indigenous population while helping to maintain the delicate environmental balance of one of Egypts most pristine locations.  Without immediate intervention, Siwas unique ecosystem is in danger of becoming extinct as the population takes on more current and less environmentally friendly methods of living.

Founded in 1981, EQI is a Partnership Company, incorporated in Egypt.  It has approximately 200 employees and specializes in Environment and Natural Resources, Policy and Governance, and Enterprise Development and Microfinance.  EQI has major projects implemented across the Middle East and North Africa; and affiliate companies in both the United States and United Kingdom.
WCS COVID CIB The proposed investment consists of a one-year senior loan, renewable once for a year, of up to US$100 million to Commercial International Banks (CIB or the Bank) under the COVID-19 Emergency Response WCS Envelope (WCS Envelope). The WCS Envelope is designed to provide funding to existing IFC client banks in emerging markets that will then extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic. Projects under the COVID-19 Facility share the development thesis that, by supporting its clients' capacity to sustain operations during this acute shock, IFC best positions the private sector to support the economic recovery process, shortening the time it will take for the most vulnerable to return to their traditional income-earning opportunities.
Brimore Project Founded in 2017, Brimore Holding B.V. (Brimore or the Company) is an assisted e-commerce platform in Egypt targeting mass market consumers. The Company utilizes a social commerce model to reach these underserved segments.      IFC is considering an equity investment of US$5 million in Brimore. The funding will primarily be used to expand the Companys operations. The development impact of the project will be via:
(i) Project Outcomes (Stakeholders): Improved access to goods for consumers, increased access to markets for suppliers, and creation of microentrepreneurship opportunities for agents, who are primarily female.
(ii) Contribution to Market Creation (Inclusiveness): Improving the inclusiveness of the Egyptian e-commerce sector by triggering replication of an innovative business model that enable market expansion to the underserved in a cost-effective manner
Port Said Project The project consists of the development, construction and operation of a 682.5 MW steam generation plant which will be fueled with natural gas with residual fuel oil (mazout) as backup fuel.  The energy produced will be sold to the Egyptian Electricity Holding Company (EEHC, the national utility) on the basis of a 20-year Power Purchase Agreement. Commercial operation is expected in mid 2003.  The project is in line with the Government of Egypts policy of encouraging the private sector to build, own and operate power generation plants.  Being one of the first Build-Own-Operate-Transfer (BOOT) projects in the country, it will further Egypt''s goal of liberalizing various infrastructure sectors, including power, and will serve as a model for future private power projects in the region.  Furthermore, the project will provide a long-term source of low cost power for Egypt''s consumers and industries.  Given the relatively large size of the needed long-term financing for this project, IFC has a key role to play in mobilizing the long-term maturity debt that the project requires.
Acciona Benban 3 table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }          The project is a greenfield 50 MW photovoltaic (PV) plant as part of Round 2 of the Egyptian Government feed-in-tariff (FiT) scheme for domestic solar PV and wind energy projects. The project is being developed by a Special Purpose Vehicle (SPV) owned by a Joint Venture (JV) consortium of Acciona Energía Global and ENARA Bahrain (consisting of Swicorp, KCC Corporation and the Shoaibi Holdings) and TBEA Xinjiang SunOasis. - Contribute to ensuring energy security in Egypt: The Project is expected to support the construction of around 50MW of solar
projects.
- Development of the Egyptian Renewable Energy Sector: The Project is expected to help play a catalytic role in starting solar
power development in the country.
- Employment: The Project will have a positive impact on economic development due to increased power generation in Egypt,
and will support direct and indirect jobs creation during the construction and operations.
- Climate Change: The Project will support climate related mitigation impact by providing clean, zero emissions electricity and
avoid greenhouse gas emissions of approximately 60,750 tons of CO2 per annum and thus contribute to addressing global
climate change concerns.
Orix Leasing Egypt - CL Orix Leasing Egypt, one of three general purpose leasing companies, was incorporated in 1997 to provide medium term financing to small and medium enterprises.   This project is expected to have a high developmental impact in Egypt by i) providing OLE with term finance not readily available in the local market; ii) providing SMEs with increased access to finance thus supporting SME growth and boosting job creation, and iii) promoting industry growth and increased competition in the financial sector.
Alexandria Fibre Co SAE The proposed project is to build and operate an 18,000 mt/yr acrylic fiber plant in Alexandria, Egypt.  The project site is adjacent to the operations of Alexandria Carbon Black (ACB or the company), a member of the Aditya Birla Group of India and a longstanding client of IFC.  The facility will be the only acrylic plant in Egypt and ACB will provide utilities (electricity and steam) to the acrylic plant.
Egyptian Indian Polyester Company - Sokhna South Asian Petrochem Limited (SAPL or the Sponsor), Indias second largest manufacturer of Polyethylene Terephthalate (PET), and Egyptian Petrochemical Holding Company (Echem), an agency of the Government of Egypt, have set up a joint venture (JV) to establish a 420,000 tpa greenfield PET resin plant in the Eldorado Integrated Development and Free Zone S.A.E. which is at Sector 2 of the Southern Region of the Economic and Industrial Zone, North West of the Suez Gulf at Ain Sokhna on Egypts Red Sea coast (the Project).  SAPL will hold a 70% share in the JV Egyptian Indian Polyester Company (EIPET or the Company), Echem will hold 23%, and Engineering for the Petroleum & Process Industries (Enppi), another Government of Egypt agency, will hold the balance (7%). The Project has an estimated cost of approximately $160 million.

PET, which is produced from mono ethylene glycol (MEG) and terephthalic acid (PTA), is sold in small pellets and its major use is for the manufacture of lightweight plastic bottles for carbonated soft drinks and water. (1) Demonstration Effect of a South-South Investment: The Project will be the first PET project in Egypt and North Africa as a whole, a region which has the potential to become an important region in this industry. The Project is a South-South investment and its success could help GOE attract further FDI in the country.
(2) Promotion of Downstream Industry: The water and carbonated soft drinks bottling industries in Egypt, which comprise several small players, currently lack domestic sources of PET resin. This Project is expected to help these players improve the efficiency of their operations through savings in logistics costs.
(3) Diversification of export earnings: The majority of Egypt's foreign currency revenues currently come from natural gas sales and tourism. The Project is expected to contribute to the diversification of Egypt's export base.
(4) Employment Creation: The Project is expected to create about 450 permanent jobs and about 800 jobs during construction. In addition, it will provide indirect employment through use of local port facilities and supplies.
PICO RBL Project The project is to support the continuing operations in Egypt of the hydrocarbon exploration and production branch of the PICO Group, PICO International Petroleum Group (PICO E&P), including funding: (i) additional development investments (CAPEX) to delay the production decline of its mature Amal and Zaafarana fields, located offshore Gulf of Suez; (ii) exploration capex in the Companys existing licenses (minimal); (iii) refinancing and repayment of existing debt; and (iv) general corporate purposes including potential acquisitions approved by IFC. Through this investment, IFC will support the development and growth of a junior, family-owned oil and gas company in its core operations in Egypt. The Project will lengthen the life of and help maximize hydrocarbon production from PICO E&P''s mature fields and promote continued gas development in the Amal field.  This supports the Government of Egypt (GoE)''s efforts to increase natural gas development in Egypt to meet growing local demand.  Furthermore, by increasing production and extending the output horizon of the fields, the GoE will also benefit from a longer period of higher fiscal revenues. Also importantly, an investment in a locally-owned oil and gas operator, in a market dominated by international majors, will set an example for potential other indigenous players. Finally, as the company intends to grow internationally, IFC''s stamp of approval will be helpful to demonstrate sound corporate governance, E&S practices and financial soundness.