Egypt- Premiere manages EGP 3bn fund to establish cement plant in Ain Sokhna

2 Nov 30 Oct, 2016

Premiere Financial Consultants seeks to provide funds worth EGP 3bn annually to one of the companies working in the cement field, without disclosing its name. The cement company plans to establish a cement factory on Ain Sokhna desert road with a production capacity of 1.5m tonnes of clinker annually, which is the raw material used to produce cement. Moreover, development works will be carried out on the existing lines in the company’s industrial facilities. The implementation period of the project is 24 months following the establishment date, noting that a promotional tour of the cement company will take place in the Gulf in order to attract capital interested in the Egyptian market.

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