"Ahmed Ezz" redirects here. For the actor, see Ahmed Ezz (actor).
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Ahmed Ezz
Born 1959
Egypt Cairo, Egypt
Political party National Democratic Party (Egypt)
Ahmed Ezz (born in 1959) is a Egyptian businessman, the owner of Ezz Steel, and a prominient supporter of former President Hosni Mubarak.
Ezz Steel graduated from Cairo University with a degree in Civil Engineering (1982)[1]. He made Egypt the biggest steel manufacturer in the Middle East; he has also been elected twice as the head of the Iron and Steel Arab Union.
He used to be a parliamentary member representing the districts of Sadat-Monouf-Sers al-Liyan from Monofuyia from the year 2000 to 2011, and also the Chairman of the Planning and Budget Committee of the People's Assembly of Egypt as a member of the National Democratic Party. (According to Al Jazeera, he resigned from the NDP on 29 January 2011.)
Opposition parties, other parliamentarians, and groups including the banned Muslim Brotherhood movement are accusing Ezz of monopolizing the steel industry in Egypt by holding more than 60 percent of the market share, describing it as an act that is backed up by the government when the dominant share of monopoly was raised from 35 percent to 65 percent, an act that was described by the active parliamentarian Aboul Ezz Al Hariri as "enhancing the proliferation of monopolies rather than fighting them". The groups mentioned are even blaming him for increasing steel prices by as much as 70 perent. Ezz, however, told reporters that a competition law "would at least provide a legal framework preventing everyone from making accusations".
After the resignation of Hosni Mubarak due to 2011 Egyptian protests on 17 February 2011 Ahmed Ezz was arrested, as well as former interior minister Habib el-Adly, former minister of housing Ahmed Maghrabi and former tourism minister Zuheir Garana. Allegations against them ranged from money laundering to abuse of authority and squandering state wealth.[2]
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