Alkavex Visits Cairo to Strengthen Steel Trading Presence Across North Africa

Cairo, Egypt, 4–7 May 2026

Alkagesta’s steel trading arm, Alkavex, conducted a business visit to Cairo, Egypt, as part of its continued expansion across the African continent. The company was represented by Alkagesta Managing Director Tural Huseynov, Alkavex Deputy CEO Nijat Osmanli, and Business Development Manager Julio Sicardi, who engaged with counterparties, local banks, and commercial agents to strengthen commercial relationships and assess regional market opportunities across North Africa.

Egypt remains one of Africa’s most strategically important steel markets, with a GDP of approximately USD 430 billion and a steel sector valued at USD 3.5 billion in 2025, projected to reach USD 4.6 billion by 2034 — driven by large-scale construction, infrastructure development, urbanisation, and the government’s focus on industrial growth and import reduction, underpinned by the country’s strategic position connecting Africa, the Middle East, and the Mediterranean.

The visit took place against a backdrop of evolving trade conditions, with anti-dumping and safeguard measures continuing to reshape regional flows and create both complexity and opportunity for active market participants.

Reflecting on the visit, Alkagesta’s Managing Director Tural Huseynov noted:

“Against the backdrop of anti-dumping and safeguard measures that continue to reshape regional trade flows, Egypt is an increasingly important market for our steel operations. Cairo remains a key platform for strengthening partnerships, closely monitoring regulatory developments, and identifying long-term trading opportunities across the region.”

Alkavex’s presence in Cairo reinforces its commitment to building long-term partnerships across Africa and its strategy of engaging directly with key markets as part of its broader expansion on the continent.

About Alkagesta

Alkagesta is a global commodity trading house specializing in petroleum and steel products, fertilizers, and biofuels. Established in Malta in 2018, the company operates as a multinational enterprise with 17 offices and representations worldwide. Alkagesta maintains partnerships with 28 international banks and conducts trading activities across 48 countries, facilitating approximately 9 million metric tons of commodity flows annually. Its extensive logistics network includes access to more than 700,000 cubic meters of storage capacity across Europe and Asia, supporting efficient and resilient global supply chains.

The company offers fully integrated trading capabilities — from sourcing and storage to delivery — underpinned by robust risk management, compliance, and governance frameworks.

Alkagesta was founded in 2018 by its management team and remains privately held and governed by senior leadership. Senior leadership, including the founding team, holds a significant equity stake in the company, which continues to grow in alignment with performance and strategic contribution. Today, the Group employs over 165 professionals and is built on tested systems, experienced governance, and a culture of continuous development.

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