Sinai Marble

Region

North Africa

Country

Egypt

Deal type

Expansion

Investment date

2007

Status date

Realised

History repeats itself

The pyramids of Egypt were constructed using different grades of limestone. Archaeologists say that the coarser variety formed the core of the monuments, while a finer grade was used for the outer casing. It is fitting then that the stone that built Egypt’s past is the foundation of a new industry for the country’s future.

Sinai Marble is one of Egypt’s leading marble producers. It extracts high quality limestone (commercial marble) from quarries in Egypt, which is then exported as raw blocks or converted to value-add products such as slabs and tiles, mainly used by the construction industry.

Egypt’s large reserves of high quality limestone provide a competitive advantage, but Sinai Marble had been capacity-constrained as a result of growing demand. In 2007, Actis made an investment to grow and modernise the quarries’ base and build a marble processing production facility.