VOL. XXXIII

NO. 25

26-MARCH-1990

Egypt

AFESD Approves $27mn Loan for Semadco

The Kuwait-based Arab Fund for Economic and Social Development (AFESD) hasagreed to extend a loan of KD8mn ($27mn) to Societe d'Engrais et d'IndustriesChimiques (Semadco) to help finance the construction of 1,000-ton/day ammoniumnitrate plant at Suez. Bids for the construction of the plant were submitted in1988, and Semadco has now requested the companies concerned to reconfirm theterms of their bids. These companies...