Baker McKenzie Cairo advised lenders on the USD 140 million financing for the New Alamein Metallic Silicon Complex
Baker McKenzie Cairo acted as 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. The facility will finance the initial phase of a pioneering metallic silicon complex located in the industrial zone of New Alamein, Egypt.
This transaction supports the establishment of a high-value manufacturing sector under the umbrella of the Egyptian Petrochemicals Holding Company, strengthens economic growth, and reduces reliance on imported materials. The complex will create a fully integrated facility for the production of metallic silicon and its derivatives, leveraging Egypt’s reserves of ultra-high purity quartz to maximize domestic value creation.
Mohamed Elharmy commented,
“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.”
The Baker McKenzie Cairo team was led by Mohamed Elharmy (Partner, Co-Head – Banking & Finance) and Noureldin Elhayatmy, providing end-to-end legal support to the lenders, including transaction structuring, documentation, and coordination with stakeholders to ensure smooth and timely closing.
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