Egypt: The Industrial Development Authority (IDA) has received eight requests from local and international companies for Ordinary Portland Cement (OPC) licences after the deadline for applications closed on 31 May 2016. IDA Chairperson Ismail Gaber said the authority would start studying submissions in accordance with the rules and regulations approved by the terms of reference and verify their match to requirements within 60 days.
The technical qualification committee decides on the qualified companies to join the bid for obtaining licences. The IDA has completed the delivery of terms of reference on 14 new licences for the launch of OPC projects in nine governorates, with a total production capacity of 28Mt. The applicants are responsible for the management of its energy needs, where 35 local and foreign companies bought 37 terms of reference.
The IDA had previously extended the application period to 31 May 2016 according to Daily News Egypt.