The Income Bulletin

Income for Infrastructure and Investment was honoured to participate, alongside its strategic partner China National Chemical Engineering Group (CNCEC), in a meeting with H.E. Eng. Karim Badawi, in Egypt's Ministry of Petroleum and Mineral Resources, to discuss accelerating the implementation of key strategic industrial projects in Egypt. The meeting focused on the progress of a strategic portfolio of industrial projects, including the Egyptian Soda Ash Company (ESAC) and Arabian Silicon Products (ASP) – Metal Silicon Plant, both located in the New Alamein Industrial Zone, as well as the Egyptian Bio-Ethanol Company (EBIOL) at Damietta Port, and the Abu Tartour Phosphoric Acid Project (AT-PHOS). Together, these four transformative industrial projects are strategically aligned with Egypt's vision for sustainable economic growth and industrial development. Spanning foundational minerals, advanced industrial materials, renewable fuels, and value-added downstream industries, the portfolio reflects a comprehensive strategy to strengthen local manufacturing, deepen domestic value chains, reduce import dependency, and position Egypt as a leading regional hub for heavy industry, petrochemicals, and green industrial investments. During the meeting, both the Minister of Petroleum and CNCEC’s president reaffirmed their commitment to accelerating project execution and expanding future Egyptian-Chinese industrial cooperation. As CNCEC's partner in the Egyptian market, Income for Infrastructure and Investment is proud to contribute to these strategic developments, supporting Egypt's industrial growth and long-term sustainable development through world-class international partnerships.

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.