Egypt's juggling act
Despite the Egyptian government’s focus on infrastructure investment, the country’s cement producers have had a difficult year so far with energy prices rocketing, competition intensifying and a currency crisis playing havoc with prices. Many are investing in their energy mix as a way of protecting their market share and margins going forward.
In Cairo, old and new coexist while ambitious plans are afoot to build a US$25bn New Administrative Capital,
45km east of Cairo, by 2022. The 22nd Arab International Cement Conference will take place in
Sharm el Sheikh, Egypt, 14-16 November 2017.
In 2014 the Egyptian government implemented a programme of reforms designed to boost the economy and enhance the country’s business environment. The second phase of the reforms came into play in October 2016, targeting the removal of investment barriers in a bid to attract both local and foreign investment.
