The International Finance Corporation (IFC) will finance a USD 2.3 mn project to improve the efficiency of electric motors used in Egyptian factories, according to a Trade Ministry statement (pdf). Trade Minister Amr Nassar and an IFC delegation led by Walid Labadi, IFC’s regional manager for Egypt, Yemen and Libya, discussed cooperating to support the competitiveness of Egyptian products, including projects to supply cement factories with alternative fuel produced from waste.

Tags: