Egyptalum is the only manufacturer of primary aluminum in Egypt, and one of North Africa’s largest aluminum companies. In March 2025, it signed a 25-year power purchase agreement with Norway’s Scatec ASA to establish a 1.1 GW solar power plant at a total cost of $750 million. In December 2024, the Ministry of Public Business Sector revealed a plan to develop the state-owned company with total investments of $250 million over five years. The Holding Company for Metallurgical Industries owned 89.8% of Egyptalum as of March 2025.