Investing $1.1 Billion in Clean Energy and Industrial Partnerships with Six Chinese companies

During the Forum on China-Africa Cooperation (FOCAC) 2024 Summit in Beijing, Mr. Moustafa Aldashan, Chairman of Amoun Ra Company, represented the Metallurgical Industries Holding Company, an Egyptian governmental entity under the Ministry of Public Business Sector. At the summit, Egypt and six Chinese companies secured agreements totaling over $1.1 billion, emphasizing clean energy and industrial development. Here’s a summary of the key agreements:

1. Wuxi Boda New Energy: Investment of over $150 million to establish a 2-gigawatt N-type solar cell production line in Egypt.

2. Shandong Binhua Group: $500 million investment to build Egypt's first green chemical plant, utilizing wind and solar power, alongside natural gas, to produce 100,000 tons of chlor-alkali products annually.

3. China Glass Holding Co., Ltd.: $300 million investment to develop a float glass production line and an ultra-white rolled glass production line, with a combined capacity of 800 tons per day.

4. Tianyi: $110 million investment to create a bromine extraction complex that will recover bromine from seawater desalination byproducts.

5. Hainan Dongfang Dahui Co., Ltd. and KAKS Investment Co.: Agreements focused on the starch and home appliance industries.

** These agreements reflect the deepening economic partnership between Egypt and China, centered on sustainable energy solutions and industrial expansion.