El Marakby Steel is preparing to invest EGP 1 billion (USD 20 million) in 2026 as part of its strategy to strengthen local manufacturing and reduce reliance on imports. The investment includes the establishment of a new factory focused on the domestic production of strategic products, particularly wire rod.
Eng. Hassan El Marakby, Chairman of El Marakby Steel, stated that the new facility will be developed on a 15,000-square-meter site in the New 6th of October Industrial Zone. He added that the land allocation agreement is expected to be signed within the coming month.
Commenting on the company’s medium- and long-term growth plans, El Marakby said total investments are targeted to reach EGP 6.5 billion (USD 130 million) by the end of 2030, up from the current level of approximately EGP 5 billion (USD 100 million). These investments are aimed at expanding product diversification and strengthening export capacity.
At the same time, El Marakby Steel continues to implement its modernization program launched in 2025, with investments totaling EGP 500 million (USD 10 million). The program focuses on upgrading production lines, improving operational efficiency, and prioritizing projects to reduce carbon emissions, supporting the company’s competitiveness in export markets where environmental sustainability standards are becoming increasingly important.
Addressing export performance, El Marakby noted that exports rose by 40% year-on-year in 2025, reaching approximately USD 100 million. North Africa, the Gulf countries, Europe, the Balkans, and South America were among the company’s key export markets. He added that weaker domestic demand encouraged a greater share of production to be directed toward exports.
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