IFC agrees $35m Yemen cement loan

IFC agrees $35m Yemen cement loan
Published: 03 July 2006

The International Finance Corporation, the private sector arm of the World Bank Group, has agreed a $35m loan to the National Cement Company in Yemen. The loan is to enable the construction of a greenfield cement plant at Al Anad, 70km north of Aden. The plant will have a capacity of 1.6Mta and the project is one of the largest private sector investments outside of the oil sector.