We use Cookies. Read our Terms
- Operations
- Tuwairqi Steel Mills Ltd.
Tuwairqi Steel Mills Ltd.
Pakistan
Borrower | Tuwairqi Steel Mills Ltd. |
Financing Type | Private Sector & Trade Finance |
Instrument | Private Sector Debt |
Focus Area | Industry |
Approved | 13.06.2006 |
Signed | 21.12.2006 |
Status | Completed |
Loan Administrator | OPEC Fund |
Co-financiers | ICD, Comm. Bank of Qatar, Saudi Hollandi Bank, Arab Bank, Abu Dhabi Isl. Bank, Boubyan Bank, Bank Muscat Intl., Habib Bank, Equity |
OPEC Fund Contribution (US$m) | 10.00 |
This project, sponsored by the Al-Tuwairqi group
of Saudi Arabia, consists of a one million metric
ton per annum integrated steel manufacturing
plant at Port Qasim in Karachi. Representing part
of a $130 million financing package, the facility
provided by OFID is being syndicated by the
Islamic Corporation for the Development of the
Private Sector and envisages the participation of a
group of banks. The project is expected to generate
a large number of highly skilled jobs and to
assist in technology transfer, thereby contributing
to overall economic development.