Baker McKenzie Cairo Advised lenders On The USD 140 Million Financing For The New Alamein Metallic Silicon Complex.
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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