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Aluminium

Hebeish Group Cairo EG

Orascom Construction Industries Corniche El Nile Cairo EG

REDCON Construction Co. S.A.E Heliopolis EG

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Aluminium

Cairo

Egypt

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Lenders compete to fund EgyptAlum’s USD 3 bn alumina facility

EgyptAlum and Alba are pushing forward with the largest alumina refining facility the country has ever built as international lenders compete.

The expansion will carry an investment ticket of USD 750-900 mn and doubles the Naga Hammadi complex’s capacity.

Egypt is set to benefit from a major new industrial investment as plans move forward to establish a large-scale aluminum production facility.

AluNile will continue operating as a standalone company serving a broad client base, including competitors.

Manufacturers face a turning point as low-cost aluminum inventories run dry, forcing them to purchase at new prices.

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