Saudi Zamil Steel considers boosting production in Egypt

Updated 11/13/2024 8:04:00 AM
Saudi Zamil Steel considers boosting production in Egypt

Arab Finance: Saudi Arabia’s Zamil Steel is eyeing expanding its production operations in Egypt in terms of the types and quantities of iron produced, with potential plans for expansion into additional markets, CEO Nawaf Al Zamil told Asharq Business.

Al Zamil noted that Zamil Steel’s Egyptian factories currently produce between 80,000 and 85,000 tons of iron annually, 60% of which about is exported.

He highlighted that the Egyptian market accounts for 15% to 20% of Zamil Steel's business.

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