Egypt: Egypt to issue a condition of contract for new cement production licenses

Bymc2008

Updated Wed, 06 Jan 2016 14:03:11 GMT

Egypt: Minister of Industry and Foreign Trade Tarek Qabil announced that the ministry would issue conditions for tender documents and requirement specifications of cement production in the coming days to meet the future needs of the local market.

The Minister said that the Cabinet has recently approved defining a fixed value for the cement licences paid to the government based on economic feasibility. The government will also be accepting qualified applicants. Qabil added that issuing new cement licenses would contribute to filling future demand, which is expected to reach 90.4Mt by 2022.

Qabil also noted the importance of the cement plants' compliance with the environmental standards and requirements set by the Ministry of Environment, especially in light of the plants dependence on coal.