
Confidential Middle Eastern Client
Technical Assessment, Financial Due Diligence, Market Research
And Recommendations
A large Middle Eastern banking institution intended to develop over 15 million tons of capacity in various Middle Eastern and North African Markets.
Box International was retained to conduct a technical assessment, financial due diligence, and provide market research along with a variety of requests for recommendations of the new cement plants to be developed in the following countries:
| Bahrain | 1,020,000 tons per year |
| Jordan | 1,500,000 tons per year |
| Libya | 2,000,000 tons per year |
| Oman | 2,000,000 tons per year |
| Yemen | 6,600,000 tons per year |
| Syria | 2,000,000 tons per year |
The above cement plant projects and plant site locations were determined from an original list of targeted cement markets consisting of a total of 16 other countries in North Africa and West Africa as well as the Middle East and the GCC markets. In this regard, Box International was requested to review and assess the adequacy and suitability of raw materials and fuels, assess plant site locations suitability, provide market research and analysis, review operative agreements and provide a financial assessment and evaluation of the projected financial and operating results for in investment in the above cement plant projects to be developed.
Recommended upgrades were identified and prioritized for our clients, along with a business plan that would return the plant to its rated capacity of 3,000,000 tons per year. While no investment could be made due to the insurgency, as and when conditions improve in Iraq the opportunity remains viable for subsequent consideration and evaluation by our clients.