Cement investments in Egypt hit LE250 bn, official

10 Feb 2019

Cairo: Executive Director of the Cement Division Noha Bakr said Wednesday that cement industry employs more than 50,000 direct employments، and 200,000 non-direct employments with an estimated investment volume exceeding EGP 250 billion of which 52% are foreign investments.

In her words during the Building Material conference held in Cairo in the presence of national and international investors، Bakr added that cement manufacturers are working on using alternative fuel so as to reduce the energy bill that represent 50 to 60 percent of cement component cost.

She added that the cement surplus will reach 23 million tonnes by the end of the current year.

Arabfinance

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