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The growth in the MENA market for cement can be ascribed to the rise in residential and commercial constructions in recent years as a result of robust urbanisation and industrialisation. The growth of the market can further be associated with the development of energy-efficient technologies to reduce carbon emissions from the manufacturing process. Projects undertaken by organisations like United Nations Industrial Development Organization (UNIDO) to improve energy efficiency in the cement industry in the Middle East have been promoting the growth of the market. Regions like Egypt, Iran, and Saudi Arabia of the MENA region represent a significant share in the world’s cement manufacturers, and the market dominance of leading players engaging in international imports and exports are additional factors providing impetus to the growth of the market.
Lafarge Egypt, a member of the Holicom Group, recently held a press conference titled “Cement Industry and Sustainable Development” in November 2021. The conference was held in cooperation with Dcode Economic & Financial Consulting (EFC) with the aim of ensuring Lafarge Egypt’s endeavours to reinforce environmental sustainability and prevent climate change aligning with Egypt Vision 2030. The conference addressed that the private sector plays a pivotal role in shaping the low carbon future by investing in research and development (R&D) utilising recycled materials and adopting renewable energy sources. Such developments by leading market players are expanding the growth of the market.
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The major players in the MENA cement market are CEMEX S.A.B. de C.V., Dangote Cement Plc., InterCement, HeidelbergCement AG, and CNBM International Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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