Early Warning System

Countries

Egypt

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Feb 10, 2026

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Marine & Engineering Services Company

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Infrastructure
Transport

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 12.50 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EGP 585
Converted using 2026-02-10 exchange rate.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 10, 2026

Disclosed by Bank Feb 11, 2026

Contribute Information
Can you contribute information about this project?
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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank provided information, the investment involves the provision of a senior loan of up to EGP 585 million (c. EUR 10.6 million) to Mesco to support its operational expansion and fleet renewal through financing 1) the acquisition of trucks 2) the construction of new logistics infrastructure facilities with associated machinery and equipment and 3) the extension of existing logistics facilities, including related machinery and equipment (the "Project").

The main objective of the Project is to support Mesco's growth and expansion and contribute to easing capacity constraints in Egypt's logistics and shipping sector. The loan will finance fleet expansion and the development and extension of logistics yards in key port cities, including Alexandria, Port Said, Damietta, and Sokhna.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

MARINE AND ENGINEERING SERVICES COMPANY

Marine & Engineering Services Company ("Mesco" or the "Borrower"), established in 1983, is a new client to EBRD and a leading Egyptian company specializing in integrated maritime and logistics services. It is a privately-owned family business that has grown into one of Egypt's top ten freight forwarders, providing end-to-end solutions across the shipping, logistics, and maritime sectors for both domestic and international clients. Operations span sea, air, and land transportation, with services including freight forwarding, vessel chartering, liner agency representation, warehousing, and trucking.

The Company serves a broad customer base of more than 3,000 clients with no material concentration risk, and employs over 450 staff across Egypt. Its customer portfolio covers key sectors such as textiles, automotive, steel, electronics, consumer goods, and agrifood. Mesco maintains longistanding relationships with well-established corporates such as MAC, Oriental Weavers, Concrete, Suez Garments, MCV, Al Araby Group, MSC, Sedra, WEC, and RCL. The Company operates a fleet of approximately 120 trucks (60 owned and 60 rented) and manages the Sokhna empty container yard (c. 11,000 ms).

The company is privately held by four individual shareholders: Samir Yehia Abdel Salam Al-Alaily (49.9%), Tarek Galal Fahmy (35.0%), Mona Galal Fahmy (15.0%), and Tonya Mohamed Nazmy Morsi (0.002%).

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Marine & Engineering Services Company	Client	Industry and Trade

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Ahmed Badr
abadr@mesco-eg.com
+2033991000
www.mesco-eg.com

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

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 at: 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