Chairman & Chief Executive Officer, Carbon Holdings
Basil El-Baz is the Chairman & Chief Executive Officer of Carbon Holdings. With over 20 years of experience in the industry, he has developed and financed two major industrial greenfield projects in Egypt; Egypt Basic Industries Corporation (“EBIC”) and Egypt Hydrocarbon Corporation (“EHC”). EBIC represents and still is the only project to receive a comprehensive loan guarantee from the Export-Import Bank of the United States. Furthermore, EBIC is one of a select number of projects in Egypt to be financed entirely by a consortium of international banks. The project had an approximate value of US$650 million. Carbon Holdings’ second project, EHC, with a transaction value of approximately US$550 million is widely considered as the first major industrial project to close in post-revolution Egypt. Construction of the second project commenced in September 2011 and concluded in December 2014. In December 2012, Carbon Holdings concluded its US$114 million acquisition of the Egyptian polypropylene producer, Oriental Petrochemicals Company (“OPC”). Most importantly, Carbon Holdings is developing the circa US$10 billion Naphtha Cracker and Polyethylene Complex project named Tahrir Petrochemicals that is currently in an advanced stage of financing. The project is being financed by the Export-Import Bank of the United States (US EXIM), United Kingdom Export Finance (UKEF) and the Overseas Private Investment Corporation of the United States (OPIC).
Mr. El-Baz has been appointed as a director on several boards and business councils most notably, by Presidential appointment, he is a Trustee of the Tahya Masr Fund, a director of the Tahya Masr Holding Company. Mr. El-Baz has also been appointed to and is a member of the US – Egypt Business Council, Italian – Egyptian Business Council, UAE –Egypt Business Council and Egypt – Korea Business Council.
Mr. El-Baz is a graduate of Harvard University.
Ranked by Institut Choiseul as the 1st in their annual top 100 African business leaders in 2017, which is an annual study independently carried out by Paris-based Institut Choiseul that identifies and ranks the young African business economic leaders aged 40 years old and below. The study by Choiseul intends to highlight those women and men who play a major role in the continent’s economic development.
Basil El-Baz was awarded Africa Entrepreneur of the Year 2016. He is the first Egyptian entrepreneur to receive such an honor. The award was announced at the Africa-France Economic Forum at the 27th Africa-France Summit held in Bamako, Mali on 13 January 2017. The Business Africa Entrepreneur Awards, in connection with Business Africa, and in partnership with MEDEF (Mouvement Des Enterprise De France) and Institut Choiseul.
Ranked by Institut Choiseul as the 12th in their annual top 100 African business leaders in 2016, which identifies and ranks the young African business economic leaders aged 40 years old and below. The study by Choiseul intends to highlight those women and men who build today’s Africa and prepare the one of tomorrow.
Ranked by Institut Choiseul as the 12th in their annual top 100 African business leaders in 2015, which identifies and ranks the young African business economic leaders aged 40 years old and below. The study by Choiseul intends to highlight those women and men who build today’s Africa and prepare the one of tomorrow.