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Magrabi Eye Hospitals & Centers

Environmental & Social Review Summary

This Environmental and Social Review Summary is prepared and distributed in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board of Director’s decision. Board dates are estimates only.
Any documentation which is attached to this Environmental and Social Review Summary has been prepared by the project sponsor and authorization has been given for public release. IFC has reviewed this documentation and considers that it is of adequate quality to be released to the public but does not endorse the content.
Project number 26360
CountryMENA Region
SectorHealth Care
DepartmentHealth and Education
Company nameMagrabi Hospitals & Centers, Ltd.
Environmental categoryB
StatusPending Disbursement
Date ESRS disclosedOctober 30, 2007
Previous EventsSigned: January 27, 2008
Approved: January 10, 2008
View Summary of Proposed Investment (SPI), click here
OverviewCategory & Applicable StandardsKey Issues & MitigationCommunity EngagementsClient's Documentation

Overview of IFC's scope of review
The review of this project consisted of appraising written technical, environmental and social information submitted by Magrabi Eye Hospitals in Sana`a and Cairo, site visits by IFC to the existing hospitals and future developments in both cities and meeting with head of operations in Magrabi Eye Sana`a and the management of Magrabi Group in Cairo.

Future developments of the Group in Egypt, Saudi Arabia and Sudan have been discussed as well. When the design phase of these developments is finished, IFC will review the detailed design and if necessary carry out an additional site appraisal to ensure that this phase of the project also fully comply with the IFC Performance standards and guidelines. During this EHS site appraisal, IFC will assess what PSs are applicable for any other developments that are or will be part of the project.
Project description
The project consists of financing the expansion in Egypt and Yemen of Magrabi Hospitals & Centers (Magrabi or the Group). The company intends to expand its operations by establishing 8 hospitals and 4 centers in different cities in the MENA region.