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...
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