Egypt: Industrial House for Building Materials has signed a contract with the General Authority of the Suez Canal Economic Zone to build a new factory in Sinai’s Technology Valley in East Ismailia. Arab Finance News has reported that the producer will invest US$12m to build the plant. When operational, it will produce 4Mm2/yr of gypsum wallboard, 900,000t/yr of plaster and 60m bags annually. Industrial House for Building Materials expects to export 80% of the plant’s total production.
