The Income Bulletin

Trafigura, Income’s partner has signed a strategic partnership agreement with the Metallurgical Industries Holding Company, through its subsidiary Egyptalum, witnessed by H.E. Dr. Mostafa Madbouly, to expand and increase the production capacity of “Nagaa Hammadi Aluminum Complex” in Egypt, with total investments of up to $900 million. The project will add 300,000 tons of annual production capacity, doubling the plant’s output to 600,000 tons per year, marking a significant step in strengthening Egypt’s industrial and export capabilities.

Income has signed a Memorandum of Understanding (MoU) with the New Urban Communities Authority (NUCA), in partnership with CITIC Group, a major international investor with a diversified portfolio and extensive experience in infrastructure and advanced technologies. The MoU focuses on the development and localization of reverse osmosis (RO) membrane technology for desalination plants, leveraging CITIC’s proven expertise in seawater reverse osmosis (SWRO). This collaboration aims to enhance Egypt’s water desalination capabilities, support sustainable urban expansion—particularly in coastal and new urban communities—and address the increasing demand for potable water.

Income has strengthened its position as a premier partner for international developers, particularly within the Egypt–China strategic corridor. Over the past year, the company has translated early-stage concepts into confirmed contracts totaling billions of USD, reinforcing its role in delivering national infrastructure priorities.