Marble, Granite Exports Hiked To 34% In 20112; Achieving EGP1.9 bln

The Egyptian exports of marble and granite rose to 34% during the period from January to November 2012, recording EGP 1.9 billion; compared to EGP 1.4 billion at the same period in 2011.

The exports of marble and granite in 2011went down to 14%, as the exports in 2010 achieved EGP 1.6 billion. But the exporting rates hiked in 2012 due to the regularity of domestic production in the sector, in addition to re-operating the suspended factories in Shak El Thoaban and North Sinai.

For his part, Tamer El Shorbagy, Head of Sinai Investors Association, Managing Director of Sinai Manganese Co. (SMC) told Amwal Al Ghad that the marble and granite sector is capable for achieving an investment leap in the forthcoming period, if the makers head for Sinai and make use of its mineral wealth and establishing small and medium entrepreneurs, to be perfectly exploited in the future.

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