VOL. XXXIX
No. 5
30-October-1995
EGYPT
EIB Loan Of $92Mn To Egyptalum
The European Investment Bank (EIB) is lending ECU 70mn (about $92mn) to the Bank of Alexandria for onlending to the Aluminium Company of Egypt (Egyptalum) for the modernization of its plant in Upper Egypt. Egyptalum is the sole producer of primary aluminium in Egypt. The modernization program will introduce the latest "pre-baked anode" technology, and will involve the construction of an anodes production plant, the...
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