Geographic location where the impacts of the investment may be experienced.
Financial Institutions
- International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
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."
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.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
- Agriculture and Forestry
- Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
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.
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.
Almarai, a Saudi Arabian based group and one of the region’s largest food and beverage manufacturing and distribution companies is investing in CAPEX and acquisitions to grow its joint venture (JV) operations in Egypt. The proposed IFC investment is a corporate loan to Almarai holding company; the proposed loan will fund Almarai’s contributions to support the expansions of its joint-venture operation in Egypt which includes setting up of a new juice factory and expansion of its existing dairy facilities (the Project). Almarai’s investments in Egypt are made through a 52:48 joint venture between Almarai and PepsiCo under the name of Beyti (the Company).Beyti is one of the largest producers of milk, juice and yoghurt in Egypt, targeting a market of 86 million consumers and catering to different consumer profiles. Beyti was established in 1998 with the acquisition of the largest commercial dairy farm in Egypt (but now disposed) from the Saudi Group Dallah Al Baraka. In 2002, Beyti began marketing Beyti-branded milk in the Egyptian market, and expanded into juice production in 2007, followed by a cream line. In 2002, the plant’s efficient layout led the European Dairy Magazine to name the Beyti plant Factory of the Year. In late 2009, IDJ Company, a partnership between PepsiCo International and regional dairy powerhouse Almarai, acquired Beyti, providing it with the latest technologies and know-how in the industry. Beyti invested in construction of a multi-million dollar, fully-automated, state-of-the-art facility on the Cairo-Alexandria Desert Road to allow it to process top quality dairy and agricultural products. The existing production site is located in Nubaria, Beheira Governorate and includes diverse production formats for production of thousands of milk and juice beverages, and yoghurt. The plant makes use of the latest and best food processing techniques as it employs high-speed processing machinery and is capable of producing a diverse variety of dairy, juice and dairy-based products to the highest standards of hygiene and safety. Today, Beyti produces a number of agricultural food products including juices, 100% natural milk, flavored milk, a variety of spoon-able and drinkable yogurts, as well as cooking and whipping creams, for domestic consumption and export sales. Beyti also holds a strong market position in all the categories in which it operates; and, employs over 3,000 people. The specific scope of the new investment primarily entails construction of a new juice factory in the same location as existing dairy and juice factories, described briefly above. The new factory is expected to have a daily capacity to produce 4,400,000/day long shelf life juice boxes. The new factory will be comprised of three (3) production units each containing four (4) lines, comprising a total of twelve (12) new production lines. The new operation will consist of diverse supporting equipment for beverage manufacturing, twelve (12) packaging machines offering diverse formats, and water chilling equipment. Additional supporting, process related service units include ammonia refrigeration, air compressors, a raw water treatment unit with a production capacity of 4,800 m3/day; and industrial and domestic wastewater treatment operations with a capacity of 3,200 m3/day.
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.
Beyti (A Joint Venture of Almarai and PepsiCo)
Cairo Festival City, Plot 14 b01, Building A2
Tel: +(202) 23220491-9 (9 lines)
E-mail:
Corporate@beyti-idj.com
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at
CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at
http://www.cao-ombudsman.org/
