The company plans to invest 1 billion Egyptian pounds (US$21.16 million) in 2026 to support the creation of a new plant that is designed to produce domestically products that were previously imported. The plant will be located on an area of 15,000 square meters in the industrial zone of the new city on October 6.
Expansion and modernization strategy
Hassan El Marakby, Chairman of El Marakby Steel, said the new plant is part of an ongoing expansion effort that includes upgrading existing production lines and improving operational efficiency. The company aims to increase its total investment to 6.5 billion Egyptian pounds by 2030, up from the current approximately 5 billion Egyptian pounds.
Focus on sustainable development and export growth
Part of the company's investments are directed towards reducing carbon dioxide emissions, maintaining competitiveness in export markets where environmental sustainability standards are becoming increasingly important. In 2025, export figures increased dramatically, with sales reaching approximately $100 million, driven by shipments to North Africa, the Persian Gulf, Europe, the Balkans, and South America. El Marakbi noted that sluggish domestic demand at the end of 2025 led to a large share of production being exported.
