PROJECT

Projects

Environmental & Social Review Summary

Project Number

29309

Company Name

Wadi Agro-Industries

Date ESRS Disclosed

May 14, 2010

Country

Egypt, Arab Republic of

Region

Africa

Last Updated Date

Sep 30, 2022

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Jun 21, 2010
Signed : Jun 22, 2010
Invested : Dec 28, 2010

Sector

Poultry Farming

Industry

Agribusiness and Forestry

Department

Gbl Ind, Manufact, Agribus & Services

Project Description

IFC is partnering with Wadi, an existing IFC client since 2005, to implement the Group’s 2010-2012 expansion program in Egypt. The program includes a number of discrete developments: (i) setting up a soybean crushing plant in Noubaria, Egypt to support its feed mill operations; (ii) expansion capacity of table eggs production; (iii) construction of a mono-calcium phosphate (feed ingredient) plant; (iv) construction of a plant to assemble trailers; (v) development of a fish production project. IFC is considering a finance package of both equity and loans.

Overview of IFC's Scope of Review

As an existing client, the Wadi Group (Wadi, the Group) is required to submit Annual Environmental and Social (E&S) Monitoring Reports (AMRs) to IFC to demonstrate compliance with IFC’s Performance Standards (PSs) and Environmental, Health and Safety (EHS) guidelines. IFC staff conducted a site inspection of Wadi operations (Wadi Glass, Wadi Food and Wadi Hatcheries) in Sadat City, during April-May 2009, as part of a routine supervision program. In addition, IFC staff reviewed detailed information on Wadi’s proposed new developments, including independently prepared Environmental Impact Assessment (EIA) Studies, and met with Wadi’s Environmental Manager to discuss these developments and ongoing environmental, health and safety (EHS) issues and performance.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Client Documentation

File Name Actions
WadiIII_29309_Environmental&SocialActionPlan_Final_May14_2010.pdf