Egypt Signs $140 Million Financing for Silicon Complex in New Alamein

The Egyptian government has signed a long-term joint financing agreement worth $140 million to implement the first phase of the Metallic Silicon Complex in New Alamein City, reflecting the country’s strategy to enhance value-added industries.

The Metallic Silicon Complex aims to produce silicon and its derivatives using Egypt’s high-purity quartz instead of exporting it as raw material, supporting downstream manufacturing and improving the trade balance.

Financing Details

The funding was arranged through a banking consortium, while the National Bank of Egypt serves as the project’s financial advisor, as part of broader efforts to support petrochemical value-added projects.

Production Phases and Jobs

The first phase of the Metallic Silicon Complex targets annual production of 45,000 tons with investments of up to $200 million, creating around 300 direct jobs and more than 3,000 indirect opportunities.

Subsequent phases include a polysilicon plant with a capacity of 25,000 tons per year for electronics and solar cell industries, as well as intermediate silicones and finished silicon-based products.