Alba is in talks with the aluminium sector in Egypt to strengthen ties and discuss investment opportunities.
Alba in talks to boost ties with Egypt’s aluminium sector
Aluminium Bahrain (Alba), the world’s largest aluminium smelter outside of China, recently sent a high-level delegation to Egypt. The delegation was led by Alba Chairman Shaikh Daij bin Salman bin Daij Al Khalifa and met with top government officials, recognizing the deep-rooted bilateral relations between Egypt and the Kingdom of Bahrain. The visit highlighted the intent for further integration and broader economic partnerships between both countries.
During the visit, Shaikh Daij emphasized Alba’s keen interest in strengthening ties with key aluminium producers in the Arab World. The delegation met with Egyptian Minister of Public Enterprises Sector Dr Mahmood Kamal Esmat, discussing ways to enhance mutual cooperation in the aluminium industry and develop potential investment opportunities.
Ali Al Baqali, Alba’s CEO, Engineer Mohammed Al Saadawy, the Managing Director of the Metallurgical Industries Holding Company, and Dr Mahmoud Agour, the Chief Executive Officer of Egyptalum, Egypt’s largest aluminium producer, were also present during the key discussions.
Shaikh Daij was impressed with the positive investment sentiment climate in Egypt and commended the Ministry’s efforts to empower the private sector and increase its contribution to the national economy through boosting public-private partnerships. He also welcomed efforts to study the feasibility of a potential partnership of Alba and the Metallurgical Industries, especially with the production of Bauxite, a major raw material.
Dr Mahmood Kamal Esmat echoed the deep-rooted bilateral relations between Egypt and Bahrain, emphasizing the intent to create further integration and economic partnerships between both countries. He also highlighted the Ministry’s efforts to create foreign direct investment opportunities with Arab countries.