Quick Facts

Where the impacts of the investment may be experienced.
  • Egypt
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
Status: Proposed
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-12-13
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Agriculture and Forestry
Investment Amount (USD): $ 44.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 44.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Share This Page


Contact Us

Do you have more information on
this project, or want to get involved?
Contact EWS

Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2017-11-29
Disclosure Date: 2017-11-10
IDJ Beyti

Project Description
PROJECT DESCRIPTION Provision of a long-term loan of up to USD 44 million or equivalent in the local currency of Egypt (the "Loan") to International Company for Agricultural Industries Projects (Beyti) JSC (the "Company" or "Beyti"), a company organized in Egypt and active in dairy and fruit juice processing. PROJECT OBJECTIVES The Loan will support: (i) refinancing of existing short-term loans used for capex with a longer tenor loan more adapted to the Company's investment program, and (ii) capex investments to expand Beyti's dairy and juice production capacities and distribution network to strengthen its presence in theEgyptian dairy and juice sectors. TRANSITION IMPACT The transition impact of the Project is expected to derive from its contribution to the inclusion and competitive qualities, namely supporting the company to: (i) enhance its corporate standards and business conduct through the promotion of equal opportunities policies and practices to increase women's participation in the company's workforce, and (ii) to support market expansion of dairy and juice sectors in Egypt through strengthening backward and forward linkages. This includes increasing production and raw milk and fruit concentrate purchases of the Company from local dairy farms and juice concentrate producers, and expanding logistics coverage of the Company in both sectors by increasing the number of distribution centres and delivery capacity and hence achieving a higher number of sales points in the country.
Investment Description
Contact Information
EBRD project enquiries not related to procurement: Tel: +44 20 7338 7168 Email: projectenquiries@ebrd.com ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.
Bank Documents