Upper Egypt Targeted for Cement Project

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Researched by Industrial Info Resources (Sugar Land, Texas)--The Egyptian government is targeting an annual cement production capacity of 77 million tons by 2015, to help cope with 8% annual growth in domestic cement demand. Currently, Egypt produces 50 million tons of cement annually.

Egypt's Minister of Trade and Industry, Rachid Mohammed Rachid, said that the government has set up a plan aimed at developing and attracting more investments to the Upper Egypt region. One of the infrastructure projects to be implemented through this plan is the newly constructed Upper Egypt-Red Sea road, which has a total length of 411.6 kilometers. The road was developed in three stages with a construction cost of about $530 million.

The road links Upper Egypt and the Port of Safaga on the Red Sea and crosses the 65,000-acre Gabal el Geer area in the Qena governorate, which has large proven reserves of limestone and clay and is ideally suited for the production of cement.

Upper Egypt Red Sea for Investment and Development (UERSID) will construct a cement factory with an annual capacity of 1.5 million tons per year in the Gabal el Geer area. The project will have provisions for possible future expansion. UERSID is inviting interested investors and developers to submit expressions of interest in forming a joint venture to construct the plant. The estimated cost for the project is approximately $150 million. Construction is expected to be complete by 2013.

UERSID is part of Egypt's Ministry of Investment and was founded in order to manage, operate, employ personnel and maintain the Upper Egypt-Red Sea Road and to establish and develop projects in the fields of agriculture, industry, tourism, trade, housing and services.

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