China’s Hangzhou, Saudi’s Ajlan & Bros to set up aluminum factory in Egypt

China’s Hangzhou Jinjiang Group and Saudi’s Ajlan & Bros Group are planning to establish an aluminum factory in Egypt, according to a Trade and Industry Ministry statement. Details on the project’s timeline, location, or expected cost were not disclosed. The facility would include aluminum and caustic soda processing plants, as well as two water desalination and electricity stations. It is set to be implemented over four phases. The project will help close the aluminum supply gap in the Middle East. Aluminum production in the region stands at 1.2 mn tonnes a year, while demand exceeds 10 mn tonnes.