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Afghanistan: Kabul Serena Hotel / TPS
Prince Amyn Aga Khan, Chairman of AKFED's Executive Committee
"Serena has a long-standing and close relationship with IFC in its hotels throughout East Africa. I am delighted to see this co-operation now being extended to the Kabul Serena hotel, which is destined, I hope, to play a major role in the economic and social life of Afghanistan." |
Algeria: ASEC
Giorgio Bodo, Chairman and Chief Executive Officer
“The construction of this cement plant in Djelfa marks our first agreement with IFC and we look forward to deepening our partnership with them on future projects. Our investment in Djelfa also confirms our commitment to Algeria, a country we consider crucial in our strategy.” |
Egypt: Interstate Paper
Neemat Frem, President and CEO of Indevco SAL
“IFC’s investment was crucial for us to move forward with this exciting tissue mill project, and we are glad to have IFC as a long-term partner,” “We see this project as complementing our growth strategy in the region.” |
Egypt: LECICO
Elie Baroudi, Managing Director
"We appreciate the different expertise and discipline that IFC brings to us beyond simply long term project financing, in particular on technical and environmental matters along with sector experience." |
Egypt: Omar Effendi
Jameel Al Al Gnaibit, Chairman
"We are very happy to play a part in the turnaround of Omar Effendi, which we know is very important in the broader context for Egypt. We are also happy that IFC has joined us to support the post-privatization development of Omar Effendi as we prepare the company for the next stage. By modernizing and improving efficiencies, we plan to provide a better consumer experience for our customers." |
Jordan: Zara Investment Holding
Lina Annab, General Manager
"Thanks to this project, Zara will be one of the first companies in Jordan to become energy efficient using solar energy for water heating in its hotels. We expect to reduce our annual energy and water cost by 11 percent or about $1 million." |
Lebanon: ADMIC
Michel Abchee, Chairman and CEO, ADMIC Sal
“The economic challenges that Lebanon is facing led us to review our long-term strategy. IFC's support will help us move forward at a time when other financiers are wary of investing in an environment perceived as high risk.“ |
Morroco: Mixta
Mr. Josep Piqué, Chairman
“IFC’s participation is a recognition of our sustainable business model internationally. It shows trust in our growth strategy, our solvency, and operational capacity,” said Josep Piqué, Mixta Africa’s Chairman. “IFC’s decision to support the Mixta Africa Project shows that our business model fits well with its rigorous standards.” |
Pakistan: Packages
Babar Ali, Advisor, Packages Ltd
"The IFC equity investment supports the Packages Group’s commitment to sound and transparent financial systems and promoting environmental and social values. This is the fourth time that Packages has received an equity investment from IFC, and it is indeed a reflection of the long-term relationship between Packages and the IFC, whose standards we respect and uphold." |
Pakistan: Tourism Promotion Services
Aziz Boolani, TPSP Chief Executive Officer
“This is the second AKFED-IFC investment in which the institutions have cooperated to develop a sustainable tourism industry in the region. The first was in the development of the Kabul Serena Hotel in 2004.” Aziz Boolani also mentioned that “IFC’s involvement with TPSP will represent a major step toward opening up TPSP's equity base to minority shareholders.” |
Tunisia: Fuba
Slim Sellami, Chief Executive Officer
“We are grateful for IFC’s support. It shows trust in our ambitious growth strategy.” Moncef Sellami, Fuba’s Chairman, added, “With a global partner such as IFC, Fuba’s development will most likely have a positive impact on many other investment projects in Tunisia.” |
Yemen: Arabian Yemen Cement Company (AYCC)
Engineer Abdullah Ahmed Bugshan, Chairman
“As it is difficult to obtain long-term financing for such a large project in Yemen, IFC’s support is a critical component of this project. IFC has also been instrumental in providing advice on the technical, environmental, and social aspects of the project.” |
Yemen: National Cement Company (NCC)
Abdul Gabbar Hayel Saeed, a board member of National Cement Company
“This project is a milestone for HSA as it is HSA’s first large investment in a capital-intensive industry in Yemen. In addition to providing financing, IFC has been our valued partner towards achieving high standards in technical, environmental, and social aspects of the project.” |
