Cemex to boost investment in Egypt

Cemex plans to boost its investments in Egypt, according to Cemex Egypt’s President, Ramon Piza.

The company, which owns a 5.5Mta plant at Assiut, plans to invest US$20m in the country this year, Piza said following a recent meeting with Egyptian Minister of Investment and International Cooperation, Sahar Nasr, in Cairo, according to Egypt Daily news.

Mr Nasr has welcomed the Mexican company's intention to increase its investments in Egypt, pointing out that the new investment law ratified by President Abdel Fattah Al-Sisi days ago included facilities, guarantees and incentives for investors.