EGYPT INAUGURATES 1.1 BILLION USD CEMENT, MARBLE PRODUCTION COMPLEX

CAIRO, Egypt- Egyptian President, Abdel-Fattah al-Sisi, inaugurated a cement and marble production complex worth 1.1 billion U.S. dollars, south of Cairo, on Wednesday. The 500-hectare industrial complex is located 12 km north of the Upper Egyptian governorate of Beni Suef. It took 21 months to complete, and includes three cement plants, with an annual production capacity of 12 million tonnes.

Egypt, through the Armed Forces Engineering Authority, worked together with 20 local and international companies on the mega-project. During the unveiling ceremony, Sisi said, such industrial projects would help reduce imports, while saving foreign currency and offering thousands of job opportunities.

Egypt’s cement exports went up 13 percent to reach 57 million U.S. dollars, from Jan to Jun, according to data released in July, by the General Organisation for Export and Import Control.

The cement site has an output storage capacity of 360,000 tonnes in 12 silos, to ensure “continuous production flow, to cope with local emergency problems,” according to documentary footage, aired during the ceremony.

The giant industrial complex also encompasses five marble plants and two granite factories, built on an area of 200,000 square metres, with a production capacity of 3.6 million metres a year.

The project offers 1,800 direct and 8,000 indirect job opportunities for people in Upper Egypt. The site is also home to a large administrative zone, comprising a major conference hall, 14 residential buildings for engineers and workers, and a 220-megawatt power station.

Source: NAM NEWS NETWORK