{"id":597198,"date":"2019-07-18T04:21:41","date_gmt":"2019-07-18T04:21:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/africa-is-the-key-for-egypt-cement-export-growth-shuaa\/"},"modified":"2019-07-18T04:21:41","modified_gmt":"2019-07-18T04:21:41","slug":"africa-is-the-key-for-egypt-cement-export-growth-shuaa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/africa-is-the-key-for-egypt-cement-export-growth-shuaa\/","title":{"rendered":"Africa is the key for Egypt cement export growth -Shuaa"},"content":{"rendered":"

<\/a> Africa is the key for Egypt cement export growth -Shuaa:<\/b> Egyptian cement companies should look to Africa to expand their exports and clear excess production, Mai Abdelaziz, equity analyst at Shuaa Securities, wrote in a note. Sub-Saharan countries are projected to need an additional 10-15 mn metric tonnes per year amid increasing housing and infrastructure development, creating a solid potential export market.<\/p>\n

Egypt should take advantage of Comesa:<\/b> Just 0.3% of Egypt\u2019s total exports went to members of the no-customs eastern and southern Africa common market (Comesa) in 2015 and 2016, 4% of which came from the cement industry. Shuaa believes that Egyptian companies can bump up this figure if export incentives and logistical measures are introduced.<\/p>\n

Exporting to MENA may prove challenging:<\/b> Egypt does not currently have a comparative advantage in the MENA space over countries like Turkey, Iran, and Saudi Arabia. Reconstruction efforts in Syria and Iraq will be extremely lucrative, but Egyptian companies would struggle to compete against other exporters who enjoy comparatively lower domestic input costs.<\/p>\n

Incentives and cost reduction are essential:<\/b> \u201cReduction in transportation costs, tax reduction\/exemptions on imported coal, and reduction of clay costs could all help Egyptian cement producers find that comparative advantage for their exports,\u201d Abdelaziz wrote.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa is the key for Egypt cement export growth -Shuaa: Egyptian cement companies should look to Africa to expand their exports and clear excess production, Mai Abdelaziz, equity analyst at Shuaa Securities, wrote in a note. Sub-Saharan countries are projected to need an additional 10-15 mn metric tonnes per year amid increasing housing and infrastructure […]<\/p>\n","protected":false},"author":1,"featured_media":597199,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[7098,1002,2378,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-africa","tag-cement","tag-comesa","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2e02cb4d-f5ec-41aa-ab0f-0123ab147f51","is_powered_by":true,"section_story_id":"9faec0c8-dbfa-41ca-bc59-59384f4687e2","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/6\/111.jpg","photo_position":"above","related_issue":[597188],"teaser":"","voice_url":""},"yoast_head":"\nAfrica is the key for Egypt cement export growth -Shuaa - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/africa-is-the-key-for-egypt-cement-export-growth-shuaa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa is the key for Egypt cement export growth -Shuaa\" \/>\n<meta property=\"og:description\" content=\"Africa is the key for Egypt cement export growth -Shuaa: Egyptian cement companies should look to Africa to expand their exports and clear excess production, Mai Abdelaziz, equity analyst at Shuaa Securities, wrote in a note. Sub-Saharan countries are projected to need an additional 10-15 mn metric tonnes per year amid increasing housing and infrastructure […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/africa-is-the-key-for-egypt-cement-export-growth-shuaa\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-18T04:21:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/111.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/africa-is-the-key-for-egypt-cement-export-growth-shuaa\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/africa-is-the-key-for-egypt-cement-export-growth-shuaa\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Africa is the key for Egypt cement export growth -Shuaa\",\"datePublished\":\"2019-07-18T04:21:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/africa-is-the-key-for-egypt-cement-export-growth-shuaa\/\"},\"wordCount\":213,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/africa-is-the-key-for-egypt-cement-export-growth-shuaa\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/6\/111.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Africa\",\"cement\",\"COMESA\",\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/africa-is-the-key-for-egypt-cement-export-growth-shuaa\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/africa-is-the-key-for-egypt-cement-export-growth-shuaa\/\",\"name\":\"Africa is the key for Egypt cement export growth -Shuaa - 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Prime Minister Moustafa Madbouly held a meeting yesterday with Trade and Industry Minister Amr Nassar and Medhat Stefanos, the chairman of the Federation of Egyptian Industries\u2019 cement division, to look into the challenges facing the local cement\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597144,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/17\/property-price-rises-would-most-definitely-hit-sales-shuaa\/","url_meta":{"origin":597198,"position":1},"title":"Property price rises would \u201cmost definitely\u201d hit sales -Shuaa","author":"enterpriseam admin","date":"17 July 2019","format":false,"excerpt":"A warning to real estate developers: Increasing property prices in response to rising fuel costs risks weakening demand and hitting sales, Sara Maher, equity analyst at Shuaa Securities, wrote in a note. 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