Sino-Saudi joint venture plans to set up integrated aluminium complex in Egypt
According to a recent report, a Sino-Saudi joint venture is planning to establish an integrated aluminium complex in Egypt. The news came after trade and industry ministry of Egypt announced it officially on Thursday, July 25.
The ministry said in a statement that the joint venture is between China’s Hangzhou Jinjiang Group and Saudi Arabia's Ajlan Group. They would together set up a complex, comprising of an alumina refinery, an aluminium smelter, a caustic soda plant, and two desalination plants spreading over six million square metres.
The statement, however, did not disclose the project value, location or timelines. It quoted Minister of Trade and Industry Amr Nassar that the government would facilitate land and other infrastructure requirements including natural gas, electricity, water, and access to port to support the project.
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