VOL. XLV

No 50

16-December-2002

ALGERIA

Orascom Construction Industries Secures $156Mn For Algerian Cement Works

The Algerian Cement Company (ACC), a subsidiary of Egypts Orascom Construction Industries (OCI), has secured loans worth a total of $156mn to help finance the first phase of construction of the first private cement works in Algeria at Hammam Dalaa in MSila province. The total investment cost of the projects first phase, which will have a capacity of 2mn tons/year and is scheduled for...