Displaying items by tag: Industrial Development Authority

Egypt: The Industrial Development Authority (IDA) has not received any requests for 11 cement plants licenses offered since early 2017. Sources quoted by the Al-Mal newspaper reveal that despite eight local and foreign companies purchasing statements of work by the end of 2017, there has been little interest in the licences.

The IDA offered 14 cement licenses in 2016 to build plants or expand operations in nine governorates. Three licences were sold to SVC, Elsewedy Cement and Egyptian Cement respectively for US$28m in 2016. The remaining licences for Minya, Sohag, Qena, Aswan, New Valley, Matrouh, Suez and South Sinai were re-offered in 2017. Oversupply of cement in the country is estimated to be 30Mt/yr.

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.

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.

Egypt: 37 companies have applied for licences to use coal at cement plants, according to the Industrial Development Authority (IDA). IDA Head Ismail Gaber said that the new licenses aim to increase investments in the cement industry to meet local consumption.

Minister of Industry Tarek Qabil announced in January 2016 that licences would be issued to establish 14 new coal-fired cement factories in nine governorates in Beni Suef, Minya, Qena, Sohag, Aswan, New Valley, Suez, Marsa Matruh and South Sinai. Together these plants will have a cement production capacity of 28Mt/yr. The deadline for receiving offers from companies is 10 May 2016.