Six companies apply for new cement licenses

Six companies have reportedly filed papers to acquire cement production licenses from the Industrial Development Authority (IDA), unnamed sources tell Al Mal. The IDA tendered 14 cement licenses at the end of 2016, but only awarded three (to Egyptian Cement, South Valley Cement, and El Sewedy Cement). The IDA then opened tenders for the remaining 11 this month and has set no deadline for applications.