Baker McKenzie Cairo has acted as the lenders’ legal counsel to a consortium of banks including Qatar National Bank, Commercial International Bank and Banque du Caire in connection with a USD 140 million syndicated long‑term loan facility extended to Alamein Silicon Products Company. This facility will finance the initial phase of a pioneering metallic silicon complex located in the industrial zone of New Alamein, Egypt.
This transaction marks an important milestone in advancing Egypt’s industrial capabilities by supporting the establishment of a high-value manufacturing sector, strengthening economic growth and reducing reliance on imported materials. The project, under the umbrella of the Egyptian Petrochemicals Holding Company, will create a fully integrated facility for the production of metallic silicon and its derivatives. By capitalizing on Egypt’s reserves of ultra-high purity quartz, the complex is positioned to maximize domestic value creation rather than exporting raw materials.
The deal was led by Mohamed Elharmy, partner and co-head of Baker McKenzie Cairo’s Banking & Finance practice, and Noureldin Elhayatmy. They provided end-to-end legal support to the lenders, from structuring and documentation to stakeholder coordination, ensuring a smooth and timely closing.
Mohamed said:
We are proud to support the development of the Alamein silicone complex, one of Egypt’s landmark petrochemicals and value-added minerals projects. This transaction reflects our team’s deep knowledge in project finance and our longstanding role in structuring high-value industrial financings. The project strengthens the new industrial zone in New Alamein, capitalizing on Egypt’s quartz resources to produce metallic silicon, a critical input for solar, electronics and advanced manufacturing. We are pleased to help enable a project that enhances industrial diversification and creates strategic downstream opportunities for the Egyptian economy.
Baker McKenzie’s Cairo office has a long and proven history of advising banks and financial institutions on high-profile, high-impact transactions in Egypt and across the region. Our work includes supporting the financing of transformational projects that fuel economic growth, enable industrial innovation and reinforce Egypt’s position as a regional hub for investment and industry.
This transaction marks an important milestone in advancing Egypt’s industrial capabilities by supporting the establishment of a high-value manufacturing sector, strengthening economic growth and reducing reliance on imported materials. The project, under the umbrella of the Egyptian Petrochemicals Holding Company, will create a fully integrated facility for the production of metallic silicon and its derivatives. By capitalizing on Egypt’s reserves of ultra-high purity quartz, the complex is positioned to maximize domestic value creation rather than exporting raw materials.
The deal was led by Mohamed Elharmy, partner and co-head of Baker McKenzie Cairo’s Banking & Finance practice, and Noureldin Elhayatmy. They provided end-to-end legal support to the lenders, from structuring and documentation to stakeholder coordination, ensuring a smooth and timely closing.
Mohamed said:
We are proud to support the development of the Alamein silicone complex, one of Egypt’s landmark petrochemicals and value-added minerals projects. This transaction reflects our team’s deep knowledge in project finance and our longstanding role in structuring high-value industrial financings. The project strengthens the new industrial zone in New Alamein, capitalizing on Egypt’s quartz resources to produce metallic silicon, a critical input for solar, electronics and advanced manufacturing. We are pleased to help enable a project that enhances industrial diversification and creates strategic downstream opportunities for the Egyptian economy.
Baker McKenzie’s Cairo office has a long and proven history of advising banks and financial institutions on high-profile, high-impact transactions in Egypt and across the region. Our work includes supporting the financing of transformational projects that fuel economic growth, enable industrial innovation and reinforce Egypt’s position as a regional hub for investment and industry.
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