HeidelbergCement follows Vicat's lead and challenges Cairo

HeidelbergCement Group has been present in the Egyptian market since 2016 when it became a shareholder in Suez Cement.
HeidelbergCement Group has been present in the Egyptian market since 2016 when it became a shareholder in Suez Cement. © heidelbergcement.com
The cement sector is a crucial part of President Abdel Fattah al Sisi's future administrative capital mega-project. Dominated by the Egyptian army, the sector has suffered a new setback following German company HeidelbergCement and its French and Italian subsidiaries' decision to register a request for arbitration proceedings with the World Bank's arbitration court, ICSID. [...] (345 words)
Issue dated 09/11/2021 Reading time 2 minutes
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