devinitorg/iati-policy-markers huggingface dataset:
Galaxy chemicals The proposed Project is an expansion of a greenfield plant in Egypt producing chemicals, primarily for export to large, international companies that manufacture home & personal care products in MENA, Europe & the Americas.  A majority of Galaxy Egypts sales will go to multinationals, many of which are currently supplied from the Sponsors existing operations in India. (i) Setting up environment friendly world class facilities compliant with International Regulatory Standards.   (ii) Employment Generation: The original project is expected to create nearly 110 jobs (including direct and indirect employment) with an additional 10 from the expansion.  Additional training opportunities for about 30 local engineers.   (iii) IFC''s investment in the Company will have a significant number of direct and indirect development benefits such as linkages with local suppliers, upgrade of existing infrastructure, indirect employment creation through auxiliary businesses in the region.
DCM CIB Green Bond The Proposed project comprises of IFCs subscription of up to US$65 million in the first tranche of Commercial International Banks (CIB or the Bank) first senior green bond program of US$100 million in Egypt, with 5 years maturity (the Project). IFC will subscribe to the first tranche which will take place through a private placement. Subsequently, IFC will work with stakeholders on listing future bond issuances. The Project is expected to be the first senior green bond issuance in Egypt. In the absence of green bond history in the Egyptian market, the Project represents a first step towards establishing CIB as a regular issuer through setting the green bond framework and program. IFC investment will testify its commitment to the local capital market and encourage other financial institutions to participate in future bond issuances. IFC is bringing its best practice expertise in structuring and issuing green bonds globally and regionally.
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         Vinavil Egypt for Chemicals S.A.E. 
           
         (Vinavil Egypt or the Company ( 
         
           http://www.vinavil.com/eg/ 
         
         ) is a leading manufacturer of industrial chemicals used in paints, adhesives and other special materials for construction industry. The Company is part of the Mapei Group, (Mapei Group or the Group) - a vertically-integrated Group manufacturing of emulsion, and polymer additives for concrete and end-user construction specialty for building, the Group includes marketing and sales companies operating in more than 50 countries worldwide. Vinavils investment plan is to expand production line inside its existing production hall. Development impact TBD with IFC's AIMM framework.
Project Level
-	Stakeholders: local builders increased access to quality adhesives, sealants and concrete additives for efficient/lasting construction. 
-	Value addition/employment/economic returns TBD with newly-developed sector multipliers.
-	Environmental impacts/climate change mitigation: 70% of R&D is for eco-sustainable products with 5-10% in CO2 emissions/energy savings.

Market Level demonstration impact TBD for resilience/sustainability of specialty materials.
Hussein Choucri Securities & Investment Summary Of Project Information (SPI)       Project Name    ARAB REPUBLIC OF EGYPT-HC Securities & Investment (HCSI)              Region    Central Asia, Middle East and North Africa        Sector       Project No008799   Projected Board DateNovember 20, 1998   Company NameHC Securities & Investment (HCSI)   Major Shareholders    	1. HC Securities & Investment Company (HCSI), an Egyptian investment bank established in 1994 will be the main sponsor.     2. Morgan Stanley International Incorporated, the technical and strategic partner, will also have a shareholding in the Company.    Project Cost Including proposed IFC investment    	Total IFC investment will amount to approximately LE 4.8 million (US$1.4 million equivalent), for a total capitalization of HCSI of US$7.8 million.  IFC has been requested to make an equity investment representing 10% of the expanded share capital of HCSI.    Location of project and Description of site    	Cairo, Egypt    Description of Company and Purpose of Project    	 The project consists of the creation of a full-service investment bank through the expansion of the activities of HC Securities and Investment Company (HCSI), an existing company in Egypt. HCSI will offer a broad range of investment banking services, including investing in quoted securities, underwriting, private placement of debt and equity issues, corporate finance (restructurings, privatization, and mergers and acquisitions), fund management, and private equity investment  IFCs effort to assist with the expansion of HCSIs business is in line with the Corporations ongoing strategy to broaden and deepen the financial markets in Egypt through strong institution-building initiatives.    Environmental Category and Issues    This is a Financial Intermediary (FI) Tier 1 project.  HCSI will be required to attend IFC''s training on environmental and social risk for financial institutions, implement an environmental management system to ensure that investments comply with host country requirements, and submit an annual environmental performance report to IFC.             Date SPI sent to InfoShop     October 20, 1998      This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors.  It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration.    For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384      L:\SPI\SP8799.DOC   October 19, 1998 4:51 PM
CIB Subdebt The project consists of a subordinated loan to the Commercial International Bank S.A.E Egypt (CIB or the Bank). This Tier 2 capital instrument is intended to add diversity to the Banks capital base and long-term growth prospects.    Established in 1975 as a joint venture between Chase Manhattan Bank and the National Bank of Egypt, CIB is currently the leading private bank in the market, having a well-established franchise especially in the corporate segment, and it is also Egypts largest private bank by assets. The Bank offers The Bank offers comprehensive, wide-ranging financial products and services through a network of 194 branches and 6,474 employees, operating in all segments of Egypts banking sector: corporate, commercial, business banking, and retail wealth management, all of which are offered to customers through client-centric teams. 1.Provide CIB with long-term FCY funding to support its clients' long-term projects.
 2.Improve client access to long-term FCY finance, which will in turn ensure both job preservation and creation within the local market.
Almarai Project 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; }   Almarai Company (Almarai or the Company), headquartered in Riyadh and founded in 1977, is one of the regions leading food and beverage companies. The proposed loan will fund Almarais contributions to support the expansions of its joint-venture operation in Egypt which includes setting up of a new juice factory and expansion of its existing dairy facilities (the Project). The main development impacts of the Project in Egypt include: (i) creating direct and indirect employment; (ii) supporting a large number of small and medium enterprises along the primary supply chain; and (iii) enhancing food safety given Almarai's focus on product quality.
Tantalum Egypt The project is an early-stage equity investment of $2 million in Gippsland Limited (the company) to facilitate completion of feasibility studies of the Abu Dabbab Tantalum-Tin project, and early stages of the companys gold exploration activities. Gippsland Ltd. (Gippsland or the company) is an Australian junior exploration company listed on both the Australian Stock Exchange (ASX) and the London Stock Exchange AIM.  IFC financing for the development stage of the project is not part of this investment.  - Abu Dabbab Tantalum-Tin Deposits (Abu Dabbab)     Gippsland is completing a feasibility study for the development of a greenfield open pit tantalum and tin mine and associated facilities at Abu Dabbab. Production is expected to be approximately 649,000 lb of tantalite and 1,500 tons of tin metal per annum over a period of 13 years.   - Wadi Allaqi Gold Exploration Areas (Wadi Allaqi)     Gippsland has rights to explore nine tenement areas (eight gold properties and one copper-nickel property of 1600 hectares each) located in the Wadi Allaqi region of south-eastern Egypt.  The Wadi Allaqi region is located to the southeast of Aswan in the south-western part of the Eastern Desert of Egypt covering an area of about 12,000km2.
Nile Kordsa The proposed modernization Project entails the replacement of obsolete equipment with more efficient machinery at Nile Kordsa Company for Industrial Fabrics S.A.E (the Company). Based in 10th of  Ramadan City, Area No. 7, Industrial Zone B1 Egypt, the Company is a joint venture between Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret A.S. (Kordsa or the Group) and the Egyptian Partners focusing on tire cord fabric processing. The Project will increase the Companys production capacity and enable it to expand its product offering. -Employment preservation: through capacity increase and efficiency gains, the Project helps to maintain and further create employment at the Company -Continued know-how and technology transfers: given the Group''s focus on product innovation and its ability to meet stringent quality standards, the Project is expected to result in continued technology and know-how transfer through the expansion of the Company''s operations into PET.
Transglobe Project Transglobe Energy Corp. (Transglobe) is an oil and gas exploration and production company incorporated in Calgary, Canada focused on the MENA region. The proposed investment by IFC will fund Transglobes 2013 development and exploration program in Egypt and support its production growth plan. (i) Contribution to Government Revenues: The financing provided to Transglobe will be used to fund activities that are expected to result in higher and longer production, positively impacting the revenues that the Egyptian government will receive (mainly through production sharing as well as other methods).   (ii) Market Signaling: IFC''s participation in this Project is consistent with IFC''s response strategy (dated June 2011) for the Middle East & North Africa region which calls for IFC to provide comfort to investors through partnerships and mobilization of resources thereby promoting the flow of foreign direct investment to Egypt.  (iii) Local and regional spending: The Project is expected to contribute to local and regional spending as part of the field services and operational supplies will be procured domestically.  (iv) Employment: The Project will create new jobs and, particularly develop local skills. Transglobe''s direct local employment in Egypt is expected to increase as the company further develops its operations in the country. Even though the Project''s impact on employment is expected to be marginal compared to the unemployment situation in Egypt, this may potentially increase given the early stage nature of some of the assets.
Egyptian Liquidity Facility The project consists of an IFC investment in, and Technical Assistance (TA) Program to the Egyptian Mortgage Refinance Company (EMRC or the company), previously known as Egyptian Liquidity Facility (ELF) which has been established as part of the initiative of the Egyptian Government to develop a viable housing and housing finance sector in Egypt.   EMRC represents the second prong of reform which is aimed at enabling and encouraging commercial banks and other financial institutions to lend for housing. In this context the government has encouraged the formation of specialized finance companies and has established the Mortgage Finance Authority (MFA) to promote and oversee the housing finance sector. One of most important initiatives of MFA has been to push for the establishment of EMRC as a refinancing vehicle for commercial banks and other financial institutions engaged in mortgage lending. It is envisioned that as the primary mortgage market deepens, and primary mortgage lenders (PMLs) will be able and willing to offload their originations that they will do so to EMRC thus creating the possibility of efficient securitization into the capital markets. The projects development objective is to encourage the primary lenders in the financial market to provide longer-term, market-based mortgage loan financing for residential housing. The development impact of this project is expected to be achieved in three specific ways:  - Development of the Primary Mortgage Market:  Access to long term fixed rate funding through the EMRC would encourage primary lenders to make longer term housing loans and would improve the access to housing finance for middle and lower income segment of the society.   - Mobilization of Resources for the Housing Sector:   As a refinancing entity EMRC will be able to connect the primary mortgage lenders to the capital markets and channel funds raised from the capital markets to the housing finance sector.   - Development of the Domestic Debt Market:   As a non deposit taking entity, EMRC will need to repeatedly tap the domestic market to raise long term resources for onlending to the primary mortgage lenders. This will offer institutional investors a new and much needed channel of investing their resources into highly rated fixed income instruments which are practically non existent in the markets today.
IT Worx Project The project consists in providing IT Worx, a software outsourcing company, with up to US$2.5 million in equity financing to complete the funding of its US$6.0 million expansion plan allowing the company to continue to meet the growing demand for its services and to enter the Internet space.   The expansion would include computing hardware, software tools, infrastructure support such as communication links and physical facilities as well as funding IT Worx marketing and internet strategies.     IFC''s participation   would encourage other local and foreign institutions to invest in IT Worx as well as increase the company''s credibility with major world companies in securing additional contracts.    This project is in line with IFC''s strategy in Egypt to directly support SMEs and the development of the IT and Internet sector  .
AAIB SL Project The Project involves a senior loan of up to US$100 million and a line under the Global Trade Finance Program (GTFP) to Arab African International Bank (AAIB or the Bank) to target medium enterprises and Sustainable Energy Finance (the Project).  AAIB is one of the top five banks operating in Egypt with total assets of US$13 billion as of 30 September 2015. The Bank was established in 1964 as a joint venture between the Egyptian General Institution for Banks in the United Arab Republic (replaced by the Central Bank of Egypt or CBE) and the Ministry of Finance and Industry of Kuwait represented by the Kuwait Investment Authority (KIA). AAIB is a commercial bank that provides financial services to both corporate and retail clients, and operates through a network of 83 branches. Send an important signal of support to the Egyptian banking sector during a transformational period for Egypt and provide medium term FCY financing to the Bank, which is not readily available in the market.
Sphinx Fund Sphinx Turnaround Fund is a $100 million fund being established to invest in equity and quasi-equity in turnaround small and medium enterprises (SME) in Egypt. The fund intends to do diversified investments of $10-15 million on average per company, to acquire majority or controlling stakes in distressed or defaulting companies with the objective of creating value through restructuring and re-launching of the company. Companies of interest shall be in industries where Egypt has a competitive advantage or is an export oriented business or where the investment is a purely local play where consolidation in the sector is imminent. - Private sector development:

The fund will provide value addition in the form of managerial and strategic support to improve portfolio companies competitiveness.

- Implementation of best practices for corporate governance:

The fund will adopt best practices in corporate governance, thus improving and transferring knowledge and skills to its investee companies.

- Economic development:

The fund will provide restructuring to investee companies, putting distressed assets back into operations and increasing employment.

- Support for Small and Medium Enterprises (SMEs):

The fund is expected to invest in distressed SMEs in Egypt, thus tapping and developing a new market.
Phoenix Power1 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 involves the development, financing, construction, operation and maintenance of     a greenfield 50MW 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),     Phoenix Power 1 SAE       currently owned by a Joint Venture (JV) consortium of Phoenix Power Venture SAL and Cedrus Enterprises Holding SAL. - 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.
MEG Project The IFC project under consideration will refinance Middle East Glass Manufacturing Companys (MEG or the Group) existing long-term loans, denominated in both EGP and US$, and the ongoing capital expenditures program, including three major furnace rebuilds, resource efficiency improvements and the operational streamlining of the cullet processing operation (the Project). In addition to IFC funds of US$100 million, the Group will contribute up to US$26 million from internal cash generation, bringing total Project costs to US$126 million. The uses of funds are as follows: US$67 million for the refinancing and US$59 million for capex. The most significant expected project-level outcomes are: (i) economic diversification and economy-wide effects, (ii) resource efficiency via more efficient production processes, and (iii) regional customers benefits through improved access to more affordable, good quality glass bottle products and suppliers through capacity building. Beyond the Project, IFC anticipates that the Project will have a strong effect in the competitiveness of the regional glass market mainly across North and East Africa, which is facing competition from global players, by improving efficiency and quality standards, and introducing product diversity.
CIBPrivatization As part of Egypts privatization and reform program, the National Bank of Egypt (NBE) is seeking to sell its 18.7% stake in Commercial International Bank (CIB) to a suitable investor with a vision and capacity to continue the development of the Bank into a well diversified domestic institution and a strong regional player. IFC is considering supporting this privatization. In addition, IFC is considering extending other credit products and technical assistance to CIB to support its growth plans in the SME, housing, and sustainable finance sectors. IFCs total investment would be about $50 million.
Merlon Egypt Merlon Petroleum Company (Merlon) has 54% and 50% interests, respectively, in the Qantara and El Mansoura Concessions (including development leases awarded within the area of the concession) through wholly owned subsidiaries, Merlon Petroleum Company of Egypt, Merlon Petroleum Company (Qantara) and Merlon Petroleum Company (El Mansoura) - together Merlon Egypt -.  The remaining interests are held by subsidiaries of Melrose Resources plc (Melrose).  In terms of the joint operating agreement between the partners, Merlon is the operating partner.  The project relates to the ongoing investment program towards exploration and development in these oil and gas concessions.  This comprises the initial exploration and commencement of production, development of the three new gas discoveries in the El Mansoura concession, drilling and completing additional appraisal and exploratory wells and acquiring additional seismic data.
Taqa Arabia Solar 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 MWac photovoltaic (PV) plant being developed by TAQA Arabia S.A.E. (the Sponsor) as part of Round 2 of the Egyptian Government feed-in-tariff (FiT) scheme for domestic solar PV and wind energy projects. TAQA Arabia is currently owned by Qalaa Holdings (previously known as Citadel Capital) which IFC has existing investments with. This sponsor will own the project company TAQA Arabia for Solar Energy S.A.E. (TAS), and has selected Sterling & Wilson as the Engineering, Procurement, and Construction (EPC) and Operations and Maintenance (O&M) contractor. - 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 electricity and help avoid greenhouse gas emissions and thus contribute to addressing global climate change concerns.