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Project Information
Investment ID: 27022
Bank: International Finance Corporation and Multilateral Investment Guarantee Agency
Environmental Category: B
Country: Egypt
Region: Middle East and North Africa
Approval Date: None
Investment Types: Equity
Total Project Cost: No recorded data on this
Total Complaints: 3
Description
IFC has an active project with Titan Group to support and expand its Egyptian cement operations which consist of two entities: Beni Suef Cement Company (BSCC) and Alexandria Portland Cement Company (APCC). The plants have a combined production capacity of 3.5 million tons per annum (mtpa) and are engaged in an investment program to add a second integrated cement production line of 1.5 mtpa in BSCC, and various debottlenecking investments in both plants. As per IFC, its project with Titan Group for the expansion of their cement manufacturing in Egypt (#27022) was a EUR80 million equity investment in Titans investment holding company Alexandria Development Limited (ADL).
Investments
| Investment Type | ID | Amount | Status | Bank | Client |
|---|---|---|---|---|---|
| Equity | 27022 | EUR 80.0 million | Planned | IFC/MIGA |
Related Complaints
| International Finance Corporation and Multilateral Investment Guarantee Agency CAO Complaints | IAM | Country | Date Filed | Status |
|---|---|---|---|---|
| Alex Dev-01/Wadi al-Qamar | IFC CAO | Egypt | 09/04/2015 | Closed With Outputs |
| Alex Dev Ltd-02/Beni Suef | IFC CAO | Egypt | 13/02/2017 | Monitoring |
| Alex Dev Ltd-03/Beni Suef | IFC CAO | Egypt | 10/05/2017 | Monitoring |
Implementers
| Name | Complaints | Dispute Resolutions | DR Successful | Compliance Reviews | Non-Compliance |
|---|---|---|---|---|---|
| Alexandria Development Limited (ADL) |