PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

605223

Primary Business Area

Manufacturing, Agribusiness & Services

Disclosure Date

Jun 30, 2021

Country

Pakistan

Region

Middle East

Status

Hold

Estimated Total Budget

$250,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Aug 17, 2023

Project Estimated Start Date

Mar 23, 2020

Project Estimated End Date

Dec 30, 2021

Project Description

IFC has partnered with G&T Tyres (Private) Limited (a wholly owned subsidiary of Novatex Limited), a limited liability company established under the laws of the Islamic Republic of Pakistan, under a Collaboration Agreement to co-fund and collaborate on a scoping study to evaluate the prospects of a potential ~$250 million Tire Manufacturing Plant. Following the conclusion and outcomes of the scoping study, and if the parties mutually agree, the parties will proceed with further prefeasibility or feasibility studies to confirm project viability under a Joint Development Agreement with the aim of eventually co-investing in a commercial facility.

Development Results

E&S Risks / Impacts and Mitigation