PROJECT

Projects

Summary of Investment Information

Project Number

48949

Company Name

La Joie de Hicha

Date SPI Disclosed

Jul 29, 2024

Country

Tunisia

Region

Africa

Projected Board Date

Sep 30, 2024

Environmental Category

A - Significant

Status

Active

Last Updated Date

Jun 19, 2025

Department

Regional Industry - MAS Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Oct 30, 2024
Signed : Jan 16, 2025
Invested : Jun 16, 2025

Sector

Fruits and Vegetables

Project Description

The proposed investment is a package of €68.1 million to support the expansion of La Joie de Hicha S.A (“Hicha”), a subsidiary of Agro Care Projecten B.V. (“ACP” or the “Company”) in Tunisia. IFC would finance the second phase of the Hicha’s two-phase development in Akarit, Tunisia, which includes (i) the construction of glass greenhouses; (ii) a desalination plant; (iii) a combined heat and power system; and (iv) a warehouse.  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation