Egypt: The Industrial Development Authority (IDA) has tendered three licences to build new cement plants to El Sewedy Cement, South Valley Cement and Cement Egypt. The licences were sold for a total of US$28m, according to the Daily News Egypt newspaper. IDA chairman Ahmed Abdel Razek said that the three cement plants built using the new licences will have a total production capacity of 6Mt/yr. The new capacity is intended to support local infrastructure projects including the construction of a proposed new capital city.
Egyptian government sells three cement licences for US$28m
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