Economy

Chairman of the Chamber of Building Materials Industries: Building materials industries have a great opportunity to increase exports in 2023 and exploit strong infrastructure

Fathi Al-Sayeh

Ahmed Abdel Hamid, head of the Chamber of Building Materials Industries, said that the building materials industries sector includes many industries that have strongly contributed to development, as

1.5 billion tons on Egyptian roads annually.

This came during his speech on the third day of the first industry conference, in the presence of Mohamed Abdel Karim, Chairman of the Industrial Development Authority, Engineer Ashraf Al-Jazairly, President of the Chamber of Food Industries, Mohamed Qassem, member of the Board of Directors of the Federation of Industries, and Dr. Khaled Abu Al-Makarem Chairman of the Export Council for Chemical Industries and Fertilizers, Hisham Al-Jazzar, member of the Export Council for Handicrafts, and Dr. Muhammad Mujahid, Deputy Minister of Education for Technical Education. He added, the building materials industries also represent the highest contribution value to the domestic product, especially in the higher industries in creating added value and providing Egypt’s needs for development projects such as Sun Cement vessels, insulating materials and pipes, which were a mainstay of the various state projects beside quarries, which are the important export sectors. The building materials industries have a great opportunity to increase exports in 2023 and exploit the strong infrastructure of Egypt as a means to serve the industry, which is one of the comparative advantages of building materials that enable it to reach the ports Competitive prices.

He explained that building materials have a surplus in local production, which can be exported, as the volume of production of Egyptian cement reached 2023 million tons and consumes the local market 2023 million tons, while the surplus is estimated 85 million tons.

He pointed to some of the problems faced by the building materials industries, including road tolls, which increase the prices of the final product and thus lose a competitive advantage for the sector in the markets.

The President of the Chamber of Building Materials Industries stressed that the quarrying law is a major obstacle to the advancement of the stone industry. A barrier and it must be reconsidered with the re-studies of production costs to reduce costs, maximize the added value of the industry and increase exports.