IFC to Provide US$ 100 Million Loan to the OCI Construction Group<br /><br />Orascom Construction Industries (OCI) announced today that the<br />International Finance Corporation (IFC), a member of the World Bank<br />Group, will provide a US$ 100 million loan to Orascom Construction<br />(OC), the Company's wholly-owned construction subsidiary. The loan will<br />be used to finance the operations of the company as well as ongoing and<br />new projects.<br /><br />Salman Butt, Chief Financial Officer of OCI, commented, "securing this<br />loan will provide Orascom Construction with the necessary capital to<br />expand its operations across the region. We are pleased with the IFC's<br />continued commitment to the company as well as the country and look<br />forward to further developing our longstanding relationship in the<br />future."<br /><br />Mouayed Makhlouf, IFC Director for the Middle East and North Africa,<br />said, "by supporting a group like Orascom Construction, we want to send<br />the signal that Egypt has long-term potential. This investment fits<br />with our strategy of boosting confidence in Egypt's private sector, a<br />major contributor to employment."<br /><br />About Orascom Construction Industries<br /><br />OCI is one of Egypt's largest corporations employing more than 72,000<br />people in 35 countries around the globe. The OCI Fertilizer Group owns<br />and operates nitrogen fertilizer plants in Egypt, the Netherlands, the<br />United States, and Algeria and has an international distribution<br />platform spanning from the Americas to Asia. The OCI Fertilizer Group<br />ranks among the world's top fertilizer producers with a production<br />capacity which will exceed 7.0 million metric tons in 2012. The OCI<br />Construction Group provides international engineering and construction<br />services primarily on infrastructure, industrial and high-end<br />commercial projects in Europe, the Middle East and North Africa for<br />public and private clients. The OCI Construction Group ranks among the<br />world's top global contractors.
