Environmental Review Summary
Project Number
20653
Company Name
Wadi Agro-Industries
Date ERS Disclosed
May 12, 2005
Country
Egypt, Arab Republic of
Region
Africa
Environmental Category
B - Limited
Status
Completed
Previous Events
Approved : Jun 17, 2005
Signed : Jun 24, 2005
Invested : May 17, 2006
Sector
Poultry Farming
Industry
other
Department
Gbl Ind, Manufact, Agribus & Services
Project Description
The project is a corporate loan to Wadi Holdings Company (SAE) (Wadi), one of Egypt’s leading poultry breeding companies. Wadi and its subsidiaries have, in recent years, branched out into poultry-feed and olive production. The company is now positioning itself for future growth and diversification. Under its current expansion and diversification plan (2004 to 2008), Wadi will achieve the following:
- add new grandparents hatchery and breeder sites for day old chicks (DOC),
- implement broiler sales and contract farming,
- expand olive and vegetable acreage, production and processing, and
- joint venture with foreign and local partners to set up a glass container manufacturing plant for its own needs and those of the local market; and
- invest in North Africa and in the Middle East region in poultry projects and other agribusiness ventures.
- add new grandparents hatchery and breeder sites for day old chicks (DOC),
- implement broiler sales and contract farming,
- expand olive and vegetable acreage, production and processing, and
- joint venture with foreign and local partners to set up a glass container manufacturing plant for its own needs and those of the local market; and
- invest in North Africa and in the Middle East region in poultry projects and other agribusiness ventures.
