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Yaoundé - 25 April 2024 -
Trombinoscope

Hayssam EL JAMMAL, the king of steel

Hayssam EL JAMMAL, the king of steel

(Business in Cameroon) - Cameroon's Prime Minister inaugurated two new steel factories in Douala-Bassa on January 19, 2024. Built by the Prometal Group with a CFA57 billion investment, these factories strengthen the conglomerate's position in Central Africa's steel industry. The group, led by Hayssam El Jammal, already operates five factories producing construction materials made of iron, small agricultural tools, metal structures, and gas bottles. And also plans to build a sixth factory, Proalu, specializing in aluminum. El Jammal, a discreet business operator, has diversified his empire, creating over 1,200 jobs. He is also active in luxury furniture through the Orca chain of stores; in agribusiness with Novia Industries, a CFA50 billion agro-industrial complex operational since 2023 in the Douala-Bonabéri industrial zone; and real estate through Monet Sarl.