Al-Maslamia cement plant expected to be privatised

The Al-Maslamia cement plant in northern Aleppo, Syria, has been the subject of negotiations between Katerji International Group and Syria's General Organisation for Cement and Building Materials.

The 3Mta cement plant could be the first state plant to be privatised in a SYP200bn (US$3.9m) investment by the Katerji family. The Katerji International Group is owned by the brothers Husam, Mohammed and Baraa Katerji. The family intend to reconstruct property in and around Aleppo.

Over the past two years, Katerji Group has established the Real Estate Development and Investment Co and another for metal industries. The group is now entering the cement industry.