Egypt's new-found energy

Published 09 November 2015

Following its successful navigation of turbulent social and political waters, the Egyptian cement industry has more recently had to face the challenge of overcoming gas shortages and a phase-out of power subsidies. Diversifying energy and power sources has now become a key priority as producers look to secure supplies, stabilise production and serve growing demand. By Shady Sharaf, Aboubakr Emam, CFA & Kamal El-Sheikh, Cairo Financial Holding, Egypt.

Arabian Cement Co converted its plant to run on coal instead of gas, giving the company

a significant operational advantage

The Egyptian economy was severely hit by the country’s revolution of 2011. The real GDP growth rate dropped from 5.1 per cent in FY09-10 to 1.9 per cent in FY10-11. However, the start of FY14-15 saw the economy get back on track and during the first nine months of the year a growth rate of 5.6 per cent was recorded.

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