PROJECT

Projects

Summary of Investment Information

Project Number

35953

Company Name

FINE HYGIENIC HOLDING GROUP LIMITED

Date SPI Disclosed

Mar 14, 2016

Country

Jordan

Region

Middle East

Projected Board Date

Apr 18, 2016

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Aug 20, 2023

Department

Regional Industry MAS MCT

Industry

Agribusiness and Forestry

Previous Events

Approved : May 26, 2016
Signed : Sep 19, 2016
Invested : Dec 20, 2016

Sector

Paper Tissue

Project Description

MENA Hygienic Holding Group (“Nuqul” or the “Company”) is a leading regional manufacturing group primarily involved in the production of jumbo tissue rolls and their subsequent conversion into paper-based hygienic products such as facial tissues and diapers. It consists of 16 companies with production facilities in 5 countries across the MENA region. These production facilities (plants) are located in Egypt, Jordan, KSA, UAE, and Morocco. The proposed project consists primarily of the establishment of a new paper mill in Abu Dhabi, United Arab Emirates (UAE), (Paper Mill #5 or “PM5”). PM5 is expected to enter into operation by mid-2017.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation