Granite
Shaq El-Tha’ban area, south of Cairo, is considered one of the important investment areas specialized in the marble industry.
In its monthly report, the council said the exports amounted to $50 million, against $49 million within the same period last year.
In its monthly bulletin issued on Monday, the council said exports reached 850,955 tons at a value of $128 million compared with 563,611 tons worth $67 million a year earlier.
The complex is considered to be the largest of its kind; Egypt Today presents in numbers the importance and the identity of this project.
The president also noted that meeting the Egyptians' needs is a great opportunity to reduce the import bill, providing hard currency and thousands of jobs.
“The complex was implemented in accordance with internationally recognized standards and provides 1,800 jobs for young people who have been recruited from Upper Egyptian governorates.”
The industrial complex comprises three major cement factories producing 20 percent of Egypt's cement production.
Exports of granite and marble rose 7 percent, reaching $47 million in the first three months of the current year, compared to $50 million during Q1 of 2017.
Egypt’s exports of gold and precious stones increased 37 percent year-on-year in January to record $339 million.
The office will offer financial, technical, training and marketing support for the projects in the area to enhance their productivity.
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