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    Signature(s)

    Amount
    € 25,000,000
    Countries
    Sector(s)
    Morocco : € 25,000,000
    Signature date(s)
    20/12/2019 : € 25,000,000
    Link to source

    Summary sheet

    Release date
    23 December 2019
    Status
    Reference
    Signed | 20/12/2019
    20190010
    Project name
    Promoter - financial intermediary
    AGRO-FOOD PROGRAMME MOROCCO
    ZALAR HOLDING SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 25 million
    EUR 69 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns an investment programme including grain storage facilities and chicken broiler farms located in the four main Moroccan consumption regions.

    The aim is to support local private sector development in Morocco and provides additional capacity to grow and process agricultural produce, as a response to increasing demand.

    Environmental aspects
    Procurement

    The project's compliance with applicable EIB environmental and social standards will be confirmed at appraisal together with the details of possible environmental and social assessments, permitting procedures and public consultation. Environmental and social impact assessment reports will be carried out and mitigation measures applied, as necessary. The appraisal will determine the use of resources and the alignment with the best practices in the sector (animal welfare, food/feed quality and safety standards)

    The promoter will have to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement.

    Under ELM Guarantee

    This operation is covered by the ELM Political Risk Guarantee.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - AGRO-FOOD PROGRAMME MOROCCO
    Publication Date
    27 May 2020
    Document language
    Main Topic
    Lending
    Document Number
    109454798
    Document Focus
    Environmental Information
    Project Number
    20190010
    Countries
    Publicly available
    Download now

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