Engineer Khaled Hashim, the Minister of Industry, held a meeting with representatives of Saint-Gobain Egypt to discuss expansion plans and investments in the sustainable building materials sector. The group's investments in Egypt have doubled to reach €500 million.
The closure of the Strait of Hormuz has led to a sharp increase in maritime shipping costs, causing a significant jump in construction material prices in Israel, which was already facing rising costs.
The construction and real estate sectors in the Middle East are facing significant challenges due to rising energy prices, necessitating strategic adjustments. According to the Economic Information Center at Siam Commercial Bank, ongoing conflicts in the region are driving up energy and construction material costs.
On Sunday, April 5, 2026, steel and cement prices in Egypt's construction market showed significant stability, reflecting the local market conditions. Investors and consumers are keen to understand how these prices will impact construction projects.
On Saturday, April 4, 2026, prices of steel and cement in the construction materials market saw a significant increase, raising concerns among both investors and consumers. The price of a ton of steel reached approximately <strong>15,000 EGP</strong>, while the price of a ton of cement hit <strong>1,200 EGP</strong>.
On Wednesday, April 1, 2026, steel and cement prices in Egypt's construction materials market showed notable stability, as companies continued to offer promotions amid rising demand for these essential materials.
On Saturday, March 28, 2026, iron and cement prices in Egypt's construction market remained stable, with iron priced at <strong>15,000 EGP</strong> per ton and cement at <strong>1,200 EGP</strong> per ton. These prices reflect ongoing changes in the local market.