Egyptian construction powerhouse Orascom Construction Industries (OCI) has secured a $100 million loan from the International Finance Corporation (IFC)  to aid its expansion strategy across the region and rebuild confidence in the country’s private sector.

According to Reuters report, Orascom confirmed the loan from the World Bank’s investment arm, stating that it would be used for existing operations and new projects.

“This investment fits with our strategy of boosting confidence in Egypt’s private sector, a major contributor to employment,” IFC Middle East and North Africa director Mouayed Makhlouf said in the statement.

The Egyptian economy is still struggling to balance after last year’s uprising, which ousted former President Hosni Mubarak, chased most investors from the once attractive North African economy.

Orascom Construction is owned by Egyptian billioniare Onsi Sawiris‘ family. Onsi’s youngest son, Nassef Sawiris runs the company which is Egypt’s largest and most valuable publicly-traded company.

OCI ranks 24th on the list of African Top 250 Companies.