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00:00 We have invested 3 billion pounds in EBECO3
00:04 and we will be investing around 150 million dollars
00:08 in the new Arab API project
00:10 which is the first multi-purpose factory
00:13 for the production of raw materials in the Middle East
00:15 Who are the contributors?
00:17 The founders are the founder,
00:21 the company is called Aqdima, the mother company
00:23 which is about 50%
00:27 EBECO is about 15%
00:28 and there are other investors
00:31 from the Gulf and Egypt
00:33 and some Egyptian companies are also involved
00:36 Will there be a loan for any banks
00:39 for the new expansion?
00:42 The new factory will be a private entity
00:46 and it won't be a part of EBECO
00:48 it will be a new company called Arab API
00:51 The financing will be 70% of the capital
00:57 and 30% of the capital will be from the banks
01:02 How much will the capital be?
01:04 The capital will be in two phases
01:07 The first phase will start in 2024
01:11 The capital will be 101 billion
01:13 70 billion dollars
01:17 and 30% of the capital will be from the banks
01:20 Phase 2 will start in 2029
01:22 with 60 million dollars