Project Name Dairy Plant Project
Country Egypt
Sector Food & Beverages
Project Company ICFI
Project Cost US$31.6 million
ICD mode of financing Leasing
Amount of ICD financing US$5.5 million
Co-financier USAID
Board Approval Date October 21, 2002


Project Description
The project aims at increasing the Company's product range by adding higher value added products that use local raw materials. This will include: Extended Shelf Life (ESL) pasteurized milk, UHT milk, liquid fruit juice, white cheese, and Mozzarella cheese. This expansion project will enable ICFI to achieve a dominant position in the dairy market using state-of-the-art technology and foreign know-how targeted at the middle and upper classes in Egypt, the MENA, and East Africa.

Project Sponsors
The International Corporation for Food Industries (ICFI) is a joint stock company that was established in 1995 under the Investment Law No. 8 with a paid-in capital of LE 3 million (USD 0.645 million) for the purpose of manufacturing and packaging dairy products including cheese, butter, ghee, fruit concentrates, and powder milk.

ICFI witnessed several capital increases to meet the needs of its continuous expansion. At present, the capital amounts to LE 61.5 million (USD 13.2 million). Shareholders are investors from Egypt and Gulf region.

Project Location
The plant will be located in Borj Al Arab near Alexandria, Egypt, close to the Company's headquarters.

Project Cost
Total project cost is estimated at US$31.6 million

ICD's Role and Developmental Impact
ICD extended a leasing facility not exceeding US$5.5 million to cover part of the costs of the equipment. The Project has a high developmental impact on the country. It is in line with Egypt's comparative advantage in becoming a leader in the food processing industry in the MENA region. Moreover, the project which has significant potential for job creation and exports, introduces a new technology unprecedented in the region for the production of pasteurized milk.

   

Sodegrain Flour Mill Project.

AL Hadha Grain Handing & Silos.

Line of Financing Byblos Bank SAL.

JamJoom Pharma Expansion Project.

Plastic Packaging Expansion Project (Daboul & Sayed) .

Glass Containers Project (GCC).

SabaFon Expansion Project.

ICFI Dairy Plant.


Injazat Technology Fund.

The International Islamic Rating Agency (IIRA)

Middle East Healthcare Company (MEAHCO)

Thuraya Satellite Telecom Company

Jamjoom Pharma

Advisory Services Feasibility Study for the Investment Fund for the Development of Awqaf

Adritec Private Placement

Sudatel Telephone Exchanges Project

Jordan Pharmaceutical Company

Al-Ahlia Mineral Water Company

Syrain Saudi Chemicals Company.

   
       
       
       
. . . .


.

  1. https://dmist.org/
  2. https://www.encac2023.com/
  3. https://www.icd-idb.org/
  4. https://www.insituarsenic.org/
  5. https://socialrobotsinthewild.org/
  6. https://jc-codicote.org/
  7. https://www.reseau92nord.org/
  8. https://zoobeetle.com/
  9. https://www.covidhelp4highland.org/
  10. https://ieee-sensors2020.org/
  11. https://maliprinc.com/
  12. www.wici-lab.org
  13. www.memphissteamacademy.org
  14. historiaaplicada.org
  15. aksiforjustice.org
  16. www.rochesterroots.org
  17. www.scottishmaternity.org
  18. www.martinez-photo.com
  19. taiwansfa.org
  20. www.casablancarestaurants.com
  21. www.forthandtowne.com
  22. www.savoyardsauxemirats.org
  23. www.agence-cdesign.com
  24. www.woodstockgardencafe.com
  25. natesww.com
  26. www.sobakeable.com
  27. www.pendulumfoundation.com
  28. www.yourte-en-touraine.com
  29. www.bmridersclub.com
  30. doprestaurant.com
  31. www.budanails.com
  32. www.gallonero1.com
  33. www.unchatencuisine.com
  34. www.eatatjakes.com
  35. camdenhawthorn.com
  36. markdoolittlestudio.com
  37. pwgbarracks.com
  38. www.savemontanashistory.com
  39. gabyscafe.com
  40. mdvcmi.org
  41. buddhismguide.org
  42. eastindiacomedy.com
  43. www.lemirval.com
  44. lantreopotes.com
  45. canoescapade.com
  46. www.ikt2014.org
  47. www.anecdotecafe.com
  48. florinbuddhist.org
  49. www.sarasotabcs2014festival.org
  50. www.yayasancimd.org
  51. www.varietyrussia.com
  52. www.72horasrio.org
  53. www.cafelaola.com
  54. www.janeolivor.com
  55. yamagataspring2024.com
  56. www.cleverramen.com
  57. www.piedmont-urgent-care.com
  58. www.associationdams.org
  59. www.musicians4harmony.org
  60. www.ecmi2020.org
  61. www.safeandsoundwithamaya.org
  62. www.cityclubtacoma.org
  63. www.jdasbcseniors.org
  64. www.tinmanhawaii.com
  65. www.hartlandcoastchurches.org
  66. www.awg2010.org
  67. newportbusinessassociation.com
  68. www.austinchaiwala.com
  69. kazanoicstartups.org
  70. www.transpsychlab.org
  71. thehungryowl.com
  72. www.ctmt.org
  73. arundelestate.com
  74. www.bmscatalystlive.com
  75. www.projetoalternativas.org
  76. matraexpo.com
  77. innvestigacdt.org
  78. www.northstarstorysummit.org
  79. whoishamas.com
  80. www.culturepark.org
  81. badbunnyoutfits.com
  82. www.greaterwaldorfjaycees.com
  83. www.villagethesoulofindia.com
  84. www.withposco2024.com
  85. www.reprografianoroeste.com