Elmarakby Steel, a steel manufacturer in Egypt, announced that it had signed a Memorandum of Understanding (MoU) with Madinet Masr, a leading real estate developer dedicated to building large-scale communities in strategic locations across Egypt, for implementation of an innovative waste management strategy, which encourages to produce and use low carbon emission steel to reduce carbon emissions and improve environmental and economic sustainability in the construction sector.

Apart from that, the scrap generated at construction sites will be recycled to produce new reinforced steel and wire rods and be reused into the construction.