Summary of Proposed Investment
Project Number
8335
Company Name
Dar Al-Shifa for the Manufacturing of Pharmaceuticals Plc.
Date SPI Disclosed
May 9, 1997
Country
West Bank and Gaza
Industry
Health, Education and Life Sciences
Status
Completed
Sector
Pharmaceuticals and Medicine
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Jul 8, 1997
Signed : Sep 23, 1997
Invested : Nov 25, 1997
Project Description
Summary Of Project Information (SPI)
| Project Name | WEST BANK & GAZA: Pharmacare |
| Region | Central Asia, Middle East and North Africa |
| Sector |
Projected Board DateJune 9, 1997
Company NamePharmacare Ltd.
Technical Partner and/or Major Shareholders
Pharmacare Ltd. is a public shareholding company with 500,000 issued stocks and 650 shareholders. The majority shareholders are the Khoury family (28%), who are the founders of the company.
Project Cost Including proposed IFC investment
A Loan of US$0.5 million. The total project cost is US$3.35 million.
Location of project and Description of site
The pharmaceuticals factory is in the West Bank city of Ramallah.
Description of Company and Purpose of Project
The aim of the investment is to help upgrade and expand the production capacity of the factory. The expansion would allow the Company to operate with better efficiency, improved quality according to Good Manufacturing Practice (GMP) standards, and ultimately to increase its sales in the local and export markets.
Environmental Category and Issues
This is an environmental review category B project. Environmental, occupational health and safety issues associated with this project include: air emissions and liquid effluent treatment; adequacy and quality of water supply; solid and hazardous waste handling and disposal; potential site contamination from present or past uses; fire prevention and emergency response; and workplace air quality, noise and safety. The sponsor will operate the facility in compliance with all World Bank environmental health and safety guidelines.
The is from the Public Information Center.
| Date SPI sent to PIC | May 9, 1997 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 974-4384
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Sponsor / Cost / Location
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