PROJECT

Projects

Summary of Proposed Investment

Project Number

26410

Company Name

DERBA MIDROC CEMENT PRIVATE LIMITED COMPANY

Date SPI Disclosed

Jan 28, 2008

Country

Ethiopia

Industry

Manufacturing

Projected Board Date

Mar 28, 2008

Status

Completed

Sector

Cement

Department

Regional Industry - MAS Africa

Environmental Category

A - Significant

Previous Events

Approved : Apr 17, 2008
Signed : Jun 3, 2008
Invested : Dec 23, 2010

Project Description

The project involves the construction of a greenfield, integrated cement plant with a production capacity of up to 2.46 million tons per annum (tpa) in the western part of Ethiopia. The project will be about 70 km from Addis Ababa, the capital of and largest city in Ethiopia. The project company, Derba Midroc Cement Company (DMC or the company), is sponsored by Sheikh Mohammed Hussein Ali Al-Amoudi (Mr. Al-Amoudi or the sponsor), a Saudi businessman of Ethiopian descent.

Sponsor / Cost / Location

Development Impact