VOL. XLI

No. 29

20-July-1998

EGYPT

IDB Extends $50Mn Loan To Alexandria Steel Complex

The Jiddah-based Islamic Development Bank (IDB) has agreed to extend a loan of $50mn toAlexandria National Iron and Steel Company (ANISC) to help finance the construction of a$650mn plant for the manufacture of steel sheets at ANISC's steel works at al-Dakhila,near Alexandria. The plant, which will be operational by 2000, will have a capacity of 1mntons/year of steel sheets. The contract for the construction...