Economy & Market
Egypt to issue new clause for cement licenses
Egypt´s Minister of Industry and Foreign Trade Tarek Qabil has 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 90.4 MT by 2022.