A new USD3 bn aluminum factory in the pipeline: The Public Enterprise Ministry isset to team up with UAE-based Emirates Global Aluminium to build a USD 3 bn aluminum factory somewhere in northern Egypt with an estimated production capacity of 600k tons, Public Enterprises Ministry spokesperson Mansour Abdel Ghani told Enterprise. The contracts will be signed soon, he added.

Wait, there is more: The government is also in talks with Aluminium Bahrain (Alba) to establisha factory to produce bauxite — the raw material usedin the production of aluminum — in the Red Sea’s Ras Ghareb, Abdel Ghani told us.

ICYMI: Abdel Ghani said in September that the ministry was eyeing Safaga to set up a bauxite factory with Alba.

Solar energy to power EgyptAlum: Abdel Ghani also revealed that the ministry will ink acontract with an Indian company within days to build a solar power plant to supply EgyptAlum with energy in a bid to ramp up the company’s exports to markets seeking products made with a lower carbon footprint.

Sound familiar? The Public Enterprise Ministry said last month that it was in talks with Norwegianrenewable energy developer Scatec to set up a 1 GW solar power plant to power EgyptAlum’s aluminum Nagaa Hammadi complex.

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