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Subsidies and the Construction Industry

The Cement and Steel Industry are under threat due to the government’s plans to reduce subsidies on energy-consuming industries.
In an industrialized and expanding economy, the production of metals is considered to be a basic necessity for healthy industrial growth.

Generally, Egypt is self-sufficient in steel prod¬ucts except special sizes and products. Companies in the steel industry range between integrated ones and semi-auto¬matic rolling mills and products.

In Egypt, the steel industry has highly skilled manpower available at a low cost. The value of construction materials rose from EGP 2.8 billion in September 2011 to EGP 4.8 billion in September 2012.
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