devinitorg/iati-policy-markers huggingface dataset:
Amlak Egypt This project involves an IFC equity investment for a minority stake in Amlak Finance and Real Estate Egypt (AFE or the company). AFE will be the first provider of Islamic Mortgage Products in Egypt. IFC has identified this transaction with Amlak UAE (the sponsor), a leading Mortgage Finance Company in the UAE.    IFC is considering Amlak Finance - UAE as a potential MENA regional champion and has been in discussions with Amlak Finance on their future regional expansion plan.  Amlak Finance - UAE is seeing this project as a first step towards a long term partnership with IFC which may lead to a number of similar ventures in other parts of MENA. The project is expected to have high development impact by helping develop broad-scale and sustainable mortgage lending in Egypt through providing support to a promising new specialized mortgage player. Specifically, the project is expected to have an impact in the following areas:   - promoting south-south investment and facilitate channeling of excess liquidity from UAE to lesser developed Egypt; - providing access to a growing segment of the Egyptian population to new products such as Shariah Compliant Housing Finance; and - deepening the local mortgage market through provision of mortgages to Emaars developments and AFEs arrangement with 17 developers in Egypt.
Elif Egypt Project The Project, sponsored by Elif Plastik Ambalaj ve Ticaret A.S. (Elif Plastik), of approximately US$64 million is to construct and operate a new packaging facility in the industrial area in Cairo, Egypt, and to provide funding for general corporate purposes, mostly working capital, for Elif Plastik main operating facility in Istanbul, Turkey. -The project will: - Create 300 direct employment at the production facility and an additional 200-300 indirect jobs in Egypt, plus several hundred temporary jobs tied to the construction period. - Generate fiscal benefits through increased taxes. - Support Egyptian economy in foreign trade balance in terms of both decreased import and increased export. - Procure from local suppliers and support them. - Bring manufacturing management and technical know-how to Egypt and leverage sectors it serves. - Will help to provide timely delivery to the customers and develop the industry in Egypt. - Will have the capability to manufacture from recycled materials
Wadi Holdings Wadi Holdings Company (SAE) (Wadi or the company) and its ten subsidiaries comprise a group of Egyptian companies which, at present, has two core business activities.  The first of these consists of poultry and, in particular, the production of broiler day old parents, commercial broilers, layer chicks, hatching eggs and poultry feed.  The second core activity is the planting, cultivating, harvesting and processing of olives and other vegetables and fruits.  Having started operations in 1984, Wadi is now implementing a four-year expansion and diversification investment program, which will lead Wadi from a mid-tier company to one of Egypts and the regions premier agribusiness groups.    The investment program in implementation includes:     -  a modern 60 MT per hour feed mill (completed in October 2004),  -  a grandparent hatchery and breeder sites,  -  olive groves, vegetable farms and processing facilities,  -  contract farming with independent out-growers to raise broiler chickens, and  -  a joint-venture with local and foreign partners to manufacture glass containers to be used by Wadi and other glass packaging companies in Egypt and abroad.
Amunet Wind IPP The Project is a greenfield 500MW wind power project, Egypts largest wind farm, located 9km northwest of Ras Ghareb in the wind-rich Gulf of Suez region (the Project). The Project will be an Independent Power Producer, selling its generation to the Egyptian Electricity Transmission Company (EETC) under a 25-year Power Purchase Agreement. Huadong PowerChina Engineering Corporation Ltd (HDEC), PowerChina International Group Limited (Power China Intl) and HDEC Middle East Co DMCC (HDEC ME) together (Huadong PowerChina Consortium) will be the Engineering, Procurement and Construction (EPC) contractor and Envision will be the turbine supplier. Construction is expected to begin in March 2023 and operations two and a half years later. The main project-level effect is on stakeholders through the increased affordability of renewable energy capacity in Egypt by lowering the average cost of power generation as well as the associated environmental effects through decarbonizing power generation and displacing aging baseload. Beyond the project, the investment is expected to help enhance the power sector resilience through diversifying the energy mix and supporting the cost recovery model & subsidy elimination program that the GoE is implementing with support from the IMF.
Gava Sanitary Ware The proposed investment involves the construction of a modern green-field turn-key facility for the production of vitreous china ceramic sanitaryware. The annual capacity is 350,000 pieces.    The proposed project would meet the needs of a big market growing at a rate of more than 15% annually, and would capitalize on: (i) the sponsors'' established distribution network through which it is already selling 200,000 pieces of sanitaryware annually (60% of Gava''s proposed capacity), and (ii) internationally competitive production costs due to cheap labor, raw materials and energy. Moreover, Gava would be able to share overhead costs with Al-Amir, thus providing the company with additional competitive advantage.     Development Impact:     The project will result in roughly 220 new jobs along with training in new skills and technologies.     IFC Role:       Local term loans being scarce, IFC will provide much needed long-term financing to this company for the proposed project. Moreover, IFC''s input will substantially assist the company in negotiating with equipment suppliers; in addition, IFC''s review of technical agreements will ensure that the company obtains appropriate technical support after plant commissioning. IFC''s participation will also ensure adherence to strict environmental, social and corporate governance standards.
AXA Egypt Insurance The project consists of an IFC investment for an equity stake of 10 percent in AXA Egypt Investments SAE (AXA Egypt or the Company). AXA Egypt is the holding company of two wholly owned Egyptian licensed joint stock insurance companies, specialized in, respectively, Life & Savings and Property & Casualty. It is expected the Company will also acquire a service company in due course. The Company plans to offer life, health and non-life insurance covers to individuals, SMEs and corporate clients. Through AXA Egypt, AXA intends to leverage the strength of its global presence and play a significant role in the fledgling private health sector in Egypt through health insurance and integrated health services. Life insurance products shall be provided through AXA Life Egypt, the former CIL life insurance company in Egypt acquired by AXA in 2015, while non-life insurance products will be provided through AXA General Insurance Egypt (formed in 2015). The project is expected to have a strong developmental impact by:   1) Enabling Fund Accumulation and Allocation: Insurers deploy long-term funds into the economy, allowing for long-term fund accumulation, thus supporting economic development and infrastructure build-up. This is particularly relevant for insurers with life businesses, which take long-term liabilities to provide life coverage to their policyholders and therefore seek long-term assets to invest into. Through the acquisition of CIL (a former IFC investee company, now AXA Life Egypt), AXA Egypt is expected to be a formidable player in Egypt''s life insurance space.  2) Buttressing the Health Sector: AXA Egypt will enter the health insurance market and explores options to engage at a later stage in Health Maintenance Organization (HMO) services. This will contribute to closing the service gap as a growing middle class is seeking better healthcare and are expected to turn to privately run health care providers and insurers. The availability of sufficient private health care providers will lower overall private health care cost and make it more affordable for many upwardly mobile Egyptians to move out of the public health care system. This in turn is expected to unburden the public health care system, creating less stress on the limited resources of public health care.  3) Support to SMEs: AXA Egypt aims to launch standardized, but adaptable SME insurance packages, thereby providing insurance cover to SMEs in a more cost-effective manner and ensuring this growing segment of the Egyptian economy.  4) Support of Societies in Transition: Societies in transition and going through upheavals are in great need for risk management services so that individuals can be offered a safety net and can improve their social stability. Businesses can mitigate their enterprise risk through insurance coverage and thus are more comfortable taking risks and invest more.
SECI Benban 3 Winnergy 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 of 20-30 MW photovoltaic (PV) project being developed by a joint venture between Al Tawakol Electrical (Gila) S.A.E. (Al Tawakol), Enerray S.p.A. (Enerray), Desert Technologies Industries Co. Ltd. (Desert Technologies) and Spectrum International for Renewable Energy LLC (Spectrum) (together the sponsors).  The sponsors will own the project Winnergy for Renewable Energy Projects (Winnergy).  The Engineering Procurement and Construction (EPC) Contractor will be an EPC joint venture between Enerray and Desert Technologies (JV Enerray-DT) who will also undertake the role of the Operations and Maintenance (O&M) Contractor for this project.  Enerray has 10 years experience in EPC and O&M services and has completed solar PV power plants in Italy, Morocco, Turkey, Jordan, Iran and Central and South America. Desert Technologies as an EPC contractor has experience as a manufacturer and developer of PV projects. The Al Tawakol Group operates in diversified business sectors all over Egypt; the main sector is electrical solutions, which provides integrated electrical solutions to the market.  Spectrum is based in Jordan and offers high-end renewable energy and energy efficiency solutions. - Contribute to ensuring energy security in Egypt: The Project is expected to support the construction of around 20-25MW 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 electricity and help avoid greenhouse gas emissions and thus contribute to addressing global climate change concerns.
OCI Group Project IFC is considering a $350 million investment to be allocated to Orascom Construction Industries (OCI) and its wholly owned subsidiary, the Egyptian Fertilizers Company (EFC).  OCI is one of the largest construction and fertilizers groups in the Middle East and Africa region and is present in over 25 countries across the world. In its present form OCI acts as a holding and operating company. Collectively, the Groups companies (fertilizers and construction) employ more than 86,000 people.   OCI, post disposal of the cement business to Lafarge at the end of 2007, became a leading global nitrogen fertilizer producer and distributor through acquisition of existing players and investment in Greenfiled projects. EFC, which was acquired by OCI in 2008, manufactures granulated Urea with a total production capacity of 1.3 million tons per annum. The majority of EFCs output is targeted for export. OCIs overall production and distribution capacity is expected to reach 7.45 mtpa by 2012.    IFC funds will go to support OCIs growth plans for the fertilizers and construction operations as well as restructure the Groups debt financing towards a longer term, more stable structure that is suitable for the nature of the Groups operations. The proposed investment is expected to have the following development impacts: (1) revenue generation to the Egyptian government as both OCI and EFC through tax payments by OCI and EFC; (ii) contributing foreign currency income to the country through export revenues and dividends received from investments outside of Egypt; (iii) job creation, directly through a number of planned capacity expansions in the fertilizers sector, and indirectly through sub contracting parts of the construction works in many on the Group''s projects; and (iv) contribution to food security through increased availability of fertilizers to support supply growth in primary agriculture.
CIB SL & Subdebt IFC's proposed project consists of an investment package of up to US$250 million to Commercial International Bank (CIB or the Bank), the third largest bank in Egypt and the leading private sector bank by total assets, in the form of; (i) a senior loan of up to US$100 million with a tenor of 5 or 7 year to finance its growing climate finance business, and (ii) a Basel II compliant Tier II (B2T2) subordinated loan of up to US$150 million to support the Banks capital position as well as its expansion of its operations (the Project). CIB is a longstanding IFC client and will use the funding and capital support to grow its climate and MSME finance operations. CIB's continued growth in these segments will play a catalytical role in driving their development.   The project is expected to be supported by the Market Accelerator for Green Construction (MAGC) Program as described in the Blended Finance Section. The most significant expected Project-level outcomes are increased access to SME and climate finance in Egypt. Beyond the Project, IFCs programmatic approach to increase MSME financing in Egypt by concurrently pursuing several projects focusing on MSME finance with banks that cover close to 30% of total market share is expected to demonstrate the viability of supporting this underserved segment through the demonstration and replication channel in an environment of devaluations, high interest rates and macroeconomic uncertainty.
ANSDK: RISK MANAGEMENT FACILITY 1995 Summary Of Project Information (SPI)       Project Name    Egypt-Alexandria National Iron and Steel Co. (ANSDK)        Risk Management Facility        Region    Middle East      Sector   Project No007360   Projected Board DateDecember 15, 1995   Company NameAlexandria National Iron and Steel Company (ANSDK)   Technical Partner and/or Major Shareholders    	Technical Partner - a Japanese Consortium (10%) composed of Nippon Kokan, Kobe Steel and Toyo Menka Kaisha (renamed Tomen).  ANSDKs other shareholders include Egyptian investors (72%), the Companys employees (13%) and IFC (5%).    Project Cost Including proposed IFC investment    	IFCs proposed maximum risk exposure on the Risk Management Facility is US$17 million.    Location of project and Description of site    	Dikheila, West of Alexandria, on the Mediterranean coast.    Description of Company and Purpose of Project    	The Company, which was established in 1983 with financial and technical assistance from  IFC and the World Bank, is an efficient and internationally competitive producer of steel rebars. The project consists of establishing a Risk Management Facility (RMF) for ANSDK. The proposed RMF is the fourth tranche of an ongoing effort by IFC to help the Company minimize its currency and interest rate exposure.     Environmental Category and Issues    	The proposed transaction falls under category C of IFCs environmental procedures and is of a financial nature only.       Date SPI sent to PIC     November 29, 1995      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).
Ezdehar Mid-Cap Fund II Cooperatief U.A. The proposed investment is an equity investment of up to US$20 million, capped at 20% of final fund size into Ezdehar Mid-Cap Fund II Coöperatief U.A. (Fund or Ezdehar II), a mid-cap private equity (PE) fund focused on growth equity transactions in Egypt and targeting US$150 million in total commitments. The Funds investment strategy will be to seek minority and selective majority stakes in 6-8 high growth small to mid-cap companies with investments ranging US$5-30 million per company, primarily in Egypt. Expected development impact through:
(i)  Providing access to growth equity capital for small to mid-cap companies across Egypt.
(ii)  Increased investee growth, through the Fund Manager's financial and operational value add. 
(iii) Demonstrating the viability of PE investments in the small to mid-cap space to attract new funds into this segment.
Alexandria Automotive Casting Company The project is to establish Alexandria Automotive Casting Company, which will manufacture medium-technology automotive castings (brake calipers) to be sold under an off-take agreement to Continental Teves. Upon completion, AAC will have a capacity of 20,000 tons per annum.    The proposed project will promote local enterprise in the autoparts sector, an industry in which Egypt has a strategic advantage due to its location close to Europe and comparatively lower production costs. The proposed project would create approximately 35 new jobs. As AACs production will be mostly for exports, the proposed project will contribute to foreign currency earnings.  It will stimulate transfer of the most advanced production technology, know-how and local staff training by Continental Teves to Egypt.    IFCs role in the proposed project involves: (i) provision of long-term foreign currency financing which is currently not available from local banks; and (ii) encouraging the development of internationally competitive local manufacturers.  IFC''s participation in this project would create a demonstration effect for other foreign investors to invest in similar export oriented projects in Egypt.
BdC Loan Project The project consists of an investment package of up to US$100 million in the form of: (i) 5-year senior loan of up to US$50 million; and (ii) up to US$50 million uncommitted trade finance facility with tenors up to 12 months under the Global Trade Finance Program (GTFP) to Banque Du Caire (BdC or the Bank), a new partner bank for IFC in Egypt. The proceeds will be used to finance private-owned Micro, Small and Medium enterprises (MSMEs), including women-owned MSMEs (WMSMEs) (the loan).  The loan is expected to be supported by Global SME Facility (GSMEF) as described in the Blended Finance Section. The most significant expected Project-level outcome is increased access to MSME and WMSME finance in Egypt. Beyond the Project-level outcome, the Project intends to address the lack of access to finance for MSMEs in Egypt. It is part of IFCs programmatic approach to increase MSME financing in Egypt by pursuing at least four projects. The programmatic approach works with banks that together comprise close to a 30% market share in the country. This is expected to demonstrate the viability of supporting this underserved segment through demonstration and replication channels.
Banque Misr SSL The project consists of a 5-year senior loan of up to US$260 million to Banque Misr (BM or the Bank), a new partner and the second largest public bank in Egypt. The proceeds of the IFC investment will be channeled exclusively towards the expansion of BMs loans to privately owned small and medium enterprises (SMEs) and very small enterprises (VSEs) including women owned enterprises (WOEs) (the Project). The senior loan consists of US$216.7 million for IFCs own account and US$43.3 million from IFC acting in its capacity as implementing entity for the Managed Co-Lending Portfolio Program (MCPP). The Bank has an extensive outreach to the underserved market segment of SMEs, VSEs, and WOEs; being the first Bank in Egypt to launch a women entrepreneur program for financial and non-financial services through IFC Advisory Services engagement. The project is expected to be supported by Global Small and Medium Enterprise Finance Facility (GSMEF) as described in the Blended Finance Section. The most significant, expected project-level outcome is increased access to finance for SMEs as well as WOEs. Beyond the Project, IFCs programmatic approach to increase MSME financing in Egypt by concurrently pursuing multiple projects with banks that cover close to 30% of total market share is expected to demonstrate the viability of supporting this underserved segment through the demonstration and replication channel in an environment of devaluations, challenging macro and global economic conditions
Algebra II Project The proposed project consists of an IFC equity commitment of up to $15 million in Algebra Ventures II Coöperatief U.A. (Algebra II or the Fund), a venture capital fund domiciled in Netherlands with a target size of $90 million. The Fund will invest in technology startups in Egypt and opportunistically in the broader Middle East and Africa (MEA) region. A separate co-investment envelope of up to $15 million will also be part of the project. Project Outcomes: Access to early-stage capital and operational support leading to increased ability of startups to scale and succeed. The Fund will provide value creation by providing operational support, access to follow on funding and networks.

Contribution to Market Creation:
(i) Increased competitiveness of Egypt's VC ecosystem: By continuing to demonstrate the viability of Egypt's VC ecosystem, the Fund will increase competitiveness by bringing more Fund Managers into the ecosystem.
(ii) Increased competitiveness of key markets through the support of market-disrupting digital business models: The Fund's innovative investees bring new business models, sometimes into underserved parts of the country, which may bring more competitors into the market, increase efficiency and drive down market wide costs.
EFG loan II The project is to provide a $20 million senior loan of up to 6 year maturity to EFG-Hermes Holding SAE (EFG, or the company). 

 EFG-Hermes is the leading investment bank in Egypt and has an excellent track record. Over the last few years EFG has emerged as a major player in the areas of investment banking, securities brokerage, asset management and private equity in Egypt.

The purpose of the IFC loan is: 
-  to finance EFGs plans for further regional expansion; and 
-  to provide medium term liquidity needed to finance its growing investment banking business. 

By providing the proposed loan to EFG, IFC will expand the companys operation in the region and help bring additional competition in the respective markets. Ultimately, IFCs investment would contribute to the development of regional capital markets. IFC will promote further best practices in internal control policies and procedures. 

The proposed project would be IFCs second investment in the company. In February of 2001, IFC Board approved a $30 million, 5-year term loan to EFG, of which $3.1 million is currently outstanding.