info.afrindex.com
China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
Photo from Daily News Egypt
Egypt's Cement Industry was regarded a promising industry in a long term propects, according to Malcolm Shelbourne,CEO of INTERCEM,the world’s first independent, international conference dedicated exclusively to the global cement sector.
"I think that Egypt is now witnessing political stability and the climate is improving politically, besides, more tourists are pouring into Egypt and thus Egypt has become a not risky place compared to the past few years,"Shelbourne said.
Additionally, he sees that the number of foreign investors in the Egyptian cement market can be seen, noting that about 70% of investors in the market are foreigners.
He said that Egypt’s cement industry is promising and production is eligible for exporting to Africa and the US.
Meanwhile, Shelbourne elaborated that there are markets in Africa considered as most promising for importing Egyptian cement, as Egypt has potential to export to west and east Africa, however, central African market is difficult.
Moreover, the American market is also one of the potential markets for importing Egyptian cement, as it has imported Egyptian cement in the past, as since 10-15 years ago, while the US imported 30m tonnes of cement globally and imported small amounts from Egypt, hence this can happen.
Shelbourne added that the future of Egypt’s cement industry is promising as most of the demographics are under 40-years-old, thus the real drive of demand for cement is in schools, hospitals, roads, and houses. Evidently, from the medium to long turn view the future of this industry is very good.
