Skip to content Skip to Search
Skip navigation

Egyptian cement exports grow 22% in 2023

Egypt’s cement exports surged 22 percent to $625 million in the first nine months of 2023 Creative Commons
Egypt’s cement exports surged 22 percent to $625 million in the first nine months of 2023

Egypt’s cement industry has an annual output of 92 million tonnes, which ranks it among the top 10 cement producers globally, according to Egyptian trade and industry minister Ahmed Samir.

Egypt’s cement exports surged 22 percent to $625 million in the first nine months of 2023, compared to $512 million a year ago, Egypt Today newspaper.

The industrial sector contributes 17 percent to the country’s GDP and employs nearly 15 percent of the regular workforce, the news daily reported, citing the minister’s speech at a trade exhibition in Cairo.

He affirmed that the government will provide incentives to local and regional manufacturers, creating a supportive industrial environment and promoting the private sector’s pivotal role.

Latest articles

FILE PHOTO: United Arab Emirates Minister of State for Foreign Trade Thani Al Zeyoudi gestures during an interview with Reuters in Dubai, United Arab Emirates, June 30, 2022. REUTERS/Abdel Hadi Ramahi/File Photo

UAE and Kenya complete Cepa negotiations

The UAE and Kenya have completed negotiations on a comprehensive economic partnership agreement (Cepa) between the two countries. It is the 12th Cepa deal secured by the UAE and its third in Africa, after agreements were signed last year with Mauritius and the Republic of the Congo (Congo-Brazzaville). “The UAE-Kenya Cepa will not only boost […]

Adnoc has bid for German polymer manufacturer Covestro but its offers €55 and €57 per share were rejected

Adnoc faces hurdles in completing ambitious European deals

Abu Dhabi state oil company Adnoc is facing challenges to a duo of major European deals it is trying to get over the finish line, according to media reports. Talks with Austrian energy group OMV have been put on hold to allow parties to navigate a series of disagreements, the Financial Times reported on Friday. […]

The 450 companies operating at Dubai Science Park include AstraZeneca, and the free zone plans to add 200,000 sq ft of lab and office space

Dubai Science Park reveals expansion plans

Dubai’s biotechnology free zone is adding 60 percent more offices, laboratories and warehouses over the next few years to cater for an influx of new companies, its senior vice-president told AGBI.  Dubai Science Park, part of Dubai-listed Tecom Group, is planning an expansion of 200,000 sq ft of additional storage and logistics facilities at the […]

A worker at a phosphate production plant in Metlaoui, Tunisia. Phosphate accounts for 15% of Tunisia's exports

Saudi Arabia loans $55m for Tunisian rail renewal

Saudi Arabia has signed a $55 million loan deal with Tunisia to finance the renewal of the North African country’s rail network.  The railway is used to transport phosphate, a sector that makes up around 4 percent of Tunisia’s GDP and 15 percent of the country’s exports. Tunisia plans to produce eight million tonnes by […]