Wadi II

completed

Wadi Group (Wadi), an existing client, has requested assistance to support its investment program in Egypt, which will: - aid the Group to expand the feed mill’s pelleting capacity from 60 tons/hour to 120 tons/hour; - establish a poultry CeLPad (a system to cool and humidify hot, dry air for poultry sheds); - expand grape and olive plantations by about 1200 acres; and,- add a new glass furnace and increase container glass manufacturing capacity from 90 tons per day (tpd) to 250 tpd. The project implementation will occur over a period of 30 months ending in December 2009. Additionally, Wadi is considering an investment to further integrate its poultry business. However the size is contingent on government plans to ban live poultry markets, which have been implicated in Avian Influenza propagation. This project would include design and construction of a slaughterhouse and further expansion of broiler farms to support this facility.