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Project Information
Investment ID: 28878
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: Loans
Total Project Cost: No recorded data on this
Total Complaints: 2
Description
The IFC project with the Egyptian Indian Polyester Company (EIPET) comprises the establishment of a 420,000 tons per annum greenfield Polyethylene Terephthalate (PET) resin plant in the Eldorado Integrated Development and Free Zone S.A.E. in Ain Sokhna, Egypt. EIPET is a joint venture between South Asian Petrochem Limited (SAPL), an Indian based manufacturer of PET which merged with its holding company Dhunseri Tea & Industries, and the Egyptian Petrochemical Holding Company (Echem), an agency of the Government of Egypt. IFCs commitment to the project is $35 million A Loan.
Investments
| Investment Type | ID | Amount | Status | Bank | Client |
|---|---|---|---|---|---|
| Loans | 28878 | USD 35.0 million | Planned | IFC/MIGA |
Related Complaints
| International Finance Corporation and Multilateral Investment Guarantee Agency CAO Complaints | IAM | Country | Date Filed | Status |
|---|---|---|---|---|
| Egyptian Indian Polyester Company Sokhna-01/Hyderabad | IFC CAO | Egypt | 27/10/2016 | Closed With Outputs |
| Egyptian Indian Polyester Company - Sokhna-02/India | IFC CAO | Egypt | 20/08/2017 | Closed With Outputs |
Implementers
| Name | Complaints | Dispute Resolutions | DR Successful | Compliance Reviews | Non-Compliance |
|---|---|---|---|---|---|
| Egyptian Indian Polyester Company SAE |