Egyptian government plans to issue new licences

Egyptian government plans to issue new licences
Published: 20 April 2010

The Egyptian Government has announced that it plans to issue eight licences for cement plants this year, Trade and Industry Minister Rachid Mohamed Rachid announced.
Egypt’s moves to boost its cement production sector are motivated by the robust growth of its construction sector, despite the global downturn.
With the eight new cement licenses, Egypt aims to increase its cement production capacity to 80Mta from the present 50Mt.
The bidding process for eight additional production licences will commence by the mid-2010.

Earlier the government said it may also reissue the cement licenses of El Wadi Cement and North Sinai Cement who had their licenses cancelled last year over start-up delays and financing problems.
The two companies were granted two of six cement factory licences offered in late 2007. The new licences will be issued in May.