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Egypt government to partner with private sector in construction of new cement plant

Ahram Online, Sunday 4 Sep 2011

Opening up strategic national industry to the private sector, the Egyptian government will seek a partnership in building a new cement factory next year

Cement

Egypt’s Industrial Development Authority [IDA] is set to partner with the private sector in the construction of a 1.5 mtpa (million tons per annum) cement plant in Matrouh governorate on the north coast, worth LE1.5 billion .

The IDA’s intent to partner up with private investors follows a government decision to allow the private sector to hold a greater stake in strategic national industries, according to the IDA Chairman Ismail Nagdy.

The licence for the work is expected to be put to tender during the upcoming year. 

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