Egypt-based steel producer Ezz Steel announced plans for a new $780 million investment in Algeria. The project, centered around a direct reduced iron (DRI) facility, will be one of the largest cross-border industrial investments in North Africa’s steel sector if implemented.
Driven by rising regional demand and shifting global trade dynamics, the investment aims to strengthen the company’s export capabilities, reduce logistics costs, and expand its presence in the region. Algeria’s investment incentives and strategic location also play a decisive role in the project.
According to the Algerian Investment Promotion Agency, $155 million of the investment will be financed through equity, while $625 million will be financed through debt. Once it reaches full capacity, the facility is expected to produce 2.5 million tons annually, consume 3.6 million tons of raw materials, and generate approximately $825 million in revenue. Officials note that the project could evolve into an integrated steel complex in later stages.
The company’s total production is currently approaching 6.5 million tons annually, and this figure is expected to exceed 7 million tons next year. Having generated approximately $1.6 billion in export revenue over the past two years, the company continues to strengthen its position in regional and global markets.
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