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- Operations
- Clay Industries Company S. A.
Clay Industries Company S. A.
Syria
Borrower | Clay Industries Company (CIC) |
Financing Type | Private Sector & Trade Finance |
Instrument | Private Sector Debt |
Focus Area | Industry |
Approved | 16.06.2004 |
Signed | 21.12.2005 |
Status | Completed |
Loan Administrator | OPEC Fund |
Co-financiers | Bank of Beirut, Sponsor's Equity |
OPEC Fund Contribution (US$m) | 4.00 |
This loan will help finance the establishment of a modern ceramic clay roof tile plant in Homs, capable of producing 15 million high-quality ceramic roof tiles and, at a later stage, 105,000 tons of hollow blocks per year. The project represents a major investment in the Syrian industrial sector, which will strengthen and diversify its economic base, allowing for job creation, technology transfer and potential export earnings from regional Middle-East markets.