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Carbon Holdings is a privately-owned petrochemicals production company headquartered in Cairo, Egypt with offices in Dubai and Houston. Established in 2008, Carbon Holdings develops and operates midstream and downstream petrochemicals projects to supply the global manufacturing, mining and construction industries.
E-mail: rmustafa@ifc: Cairo, Egypt, July 26, 2017— The Board of Executive Directors of IFC, a member of the World Bank Group, approved on July 20 an investment of $635 million that will help construct, operate and maintain up to 11 solar power plants in Egypt. The combined capacity of the plants amount to 500 megawatts.
This loan comes as a part of IFC efforts to boost the development of Egypt's construction industry, as an important source of employment and a key economic driver, according to the statement. It clarified that the sector allocates more than 4 percent of Egypt's gross domestic product and employs around 12 percent of Egyptian workers.
Petroleum Minister Tarek el-Molla said that this MoU reflects the trust of the international funding organizations on the Egyptian economy, especially after the success of the economic reform program, which encouraged international organizations to enhance their strategic partnership with Egypt. For his part, IFC Country manager in Egypt, Libya ...
Washington, May 30, 2016—IFC, a member of the World Bank Group, will invest $25 million in Carbon Holdings, an Egyptian developer and operator of manufacturing projects for downstream petrochemicals required in a range of industries, including mining, food packaging, and automotive parts. Egypt is a large net importer of petrochemicals products, despite having the raw materials to develop ...
Nov 05, 2019· CAIRO – 30 April 2019: The International Finance Corporation (IFC) is financing a project to upgrade the efficiency of electric motors used in the Egyptian industrial sector worth $2.3 million for 3 years, the Egyptian Minister of Trade and Industry Amr Nassar said.
Sep 07, 2015· In an interview with Daily News Egypt, International Finance Corporation's (IFC) Egypt Director Nada Shousha to highlight how the IFC reviews Egypt's economy, the company's upcoming projects in the country, and their areas of interest.
Invest In Egypt is the official investments map for Egypt, including all the Egyptian investments opportunities ... The General Authority for Investment and Free Announces The Launch of 225 Projects in The Investment Zone in The City of Saf. ... International Finance Corporation. MIIC and IFC - International Finance Corporation, today announced ...
Oct 18, 2017· The European Bank of Reconstruction and Development has identified 16 new solar projects in Egypt with a cumulative capacity of 750 MW to receive financing, while International Finance Corp will ...
Oct 29, 2017· IFC, which provided $202 million in financing for the project, was studying other potential opportunities in Egypt with renewable energy, both in solar and wind, Becker said.
Adopting an innovative programmatic approach to batch process the 13 projects in parallel, IFC pulled together a consortium of eleven international financing institutions, most of whom were investing for the first time in Egypt's renewable-energy sector, to enable $823 million in private investments.
The Egypt's Government has signed with the International Finance Corporation (IFC) to carry out financial consulting works to develop the Abu Tartour mining port PPP, 5km south of Safaga port in Red Sea. As we reported in late November 2015, The European Investment Bank (EIB) launched two tender processes to hire consultants for the port.
Capital (owns 11.7% of the project), the World Bank affiliated IFC (3% share), the Dutch and German develop-ment banks FMO and DEG, InfraMed Fund, and investors from Egypt and Gulf Cooperation Council countries (Citadel Capital, 2012; IFC). The remaining $2.6 billion needed for the project was secured in a debt package
May 09, 2018· IFC provides first loan to support Egypt's construction industry. The International Finance Corporation (IFC), a member of the World Bank Group, is providing a $15m loan mainly in Egyptian pounds to Vinavil Egypt for Chemicals, a leading manufacturer of construction-related materials, to help the company boost production and create jobs, according to a press statement on .
The Equator Principles (EPs) is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects. It is primarily intended to provide a minimum standard for due diligence and monitoring to .
Africa Mining IQ categorises its project database in terms of grassroots, pre-feasibility, feasibility, bankable, active and operational phases to provide an easy-to-use intelligence database. Reflecting the up-and-coming development of the country's mineral landscape, Africa Mining IQ indexes 13 grassroots projects relating to mining in Egypt.
The European Bank for Reconstruction and Development (EBRD) has financed 16 projects with a combined capacity of 750MW, under a $500m agreement for renewable energy financing in Egypt. EBRD, being part of a consortium led by International Development Finance, is investing $335m on power plants being developed by Scatec Solar.
The government allocated EGP 211 billion for investment in the FY 2019/20 budget, up 42% over last year's level. Updates on key projects are listed below. Egypt as an Energy Hub Egypt has been developing its energy sources on multiple tracks, guided by the Egypt .
The International Finance Corporation (IFC), part of the World Bank, has announced it is investing in a 20% stake in Egypt-based glass manufacturer Sphinx Glass. The investment is to support the expansion of Sphinx Glass and enhance its employment opportunities, according to the IFC.
Cairo, Egypt - August 8, 2019 (Investorideas Newswire) IFC and MIGA, members of the World Bank Group, signed an agreement to support the development of a 252-megawatt wind farm by Lekela in ...
Apr 12, 2019· CAIRO - 12 April 2019: The International Finance Corporation (IFC), a World Bank Group member, said it is willing to expand its activities in Egypt in the coming period to back the transport, renewable energy and entrepreneurship sectors.
WASHINGTON, April 17, 2019 – The World Bank announced today a new US$200 million investment project to support the next generation of reforms in Egypt aimed at creating more opportunities for young people and women. The project will focus on expanding the amount and access to credit for small and medium enterprises, which have proven to be a major source of growth and job creation.
The World Bank at Mining Indaba 2018. The World Bank helps countries seize opportunities for development and poverty reduction by focusing on effective extractive industries governance, increasing transparency, improving domestic resource mobilization, and promoting inclusive growth while ensuring local community needs are met and the environment protected.
IFC gathered a consortium of nine international banks, which are investing for the first time in Egypt's renewable energy sector. The consortium includes the African Development Bank, the Asian Infrastructure Investment Bank, the Arab Bank of Bahrain, CDC of the United Kingdom, Europe Arab Bank, Green for Growth Fund, FinnFund, ICBC, and OeEB ...
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