PM reviews plan to unlock full potential of Egypt's kaolin sand resources
The meeting brought together Minister of Investment and Foreign Trade Hassan El-Khatib, Minister of Petroleum and Mineral Resources Karim Badawi, Chairperson of INCOM Egypt Hesham Sheta, along with several senior company officials.
Madbouly stressed that the government remains committed to supporting investments across various sectors—including the mining industry—as part of its broader strategy to promote industrial development, innovation, and attract both domestic and foreign investment.
The Minister of Petroleum underlined the ministry's focus on enhancing the economic return of mineral resources through local manufacturing and the localisation of downstream industries, aiming to build a competitive, industrialised economy.
Cabinet Spokesperson Mohamed El-Homsany noted that the meeting featured a detailed presentation on Incom Company's project, outlining its key components and estimated investment value.
He explained that the project is an integrated industrial and logistics venture situated in the Suez Canal Economic Zone in Ain Sokhna. It aims to maximise the added value of kaolin sand—a resource plentiful in Egypt and rich in alumina—by processing it into high-value industrial products.
Total investments in the project are estimated at around €90 million. El-Homsany added that the facility will employ advanced technologies to physically, chemically, and thermally separate and refine the raw kaolin sand, helping to reduce Egypt's reliance on imports and create new export opportunities.
'This project will not only strengthen the national economy but also enhance Egypt's role as a regional industrial and logistics hub in this field,' he said.
During the meeting, Hesham Sheta reaffirmed INCOM's commitment to sustainable industrial development and to maximising the economic potential of Egypt's natural resources.
Kaolin sand, also known as kaolinite, is a clay mineral primarily composed of hydrated aluminium silicate. Recognised for its fine, soft, and light-coloured texture, kaolin is widely used in various industrial applications, including ceramics, paper, and refractories.
© 2025 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info).
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Maaden maintains its full-year CAPEX guidance for 2025 at SAR 7.55 billion to SAR 9.55 billion, with around 70% allocated to growth CAPEX. For the Phosphate 3 Phase 1 expansion project, key contracts were awarded in January 2025, and construction continues to progress well. The project is expected to be completed by the end of 2026, with production commencing in 2027 and full capacity expected by the end of 2027. Maaden is making strong progress toward its long-term growth ambitions, targeting 8–10x EBITDA growth by 2040¹. In H1-FY25, the Company completed the acquisition of SABIC's stake in ALBA and Alcoa's interests in its Aluminum business. These strategic initiatives will strengthen Maaden's position by consolidating operations and ownership across its Aluminum portfolio, while capturing growing regional demand. In addition, the recently signed non-binding Heads of Terms for a joint venture with Aramco is expected to accelerate mineral transformation and unlock high-value critical minerals within the Kingdom. 1: Baseline comparison year for 8-10x EBITDA growth is 2020 GUIDANCE Maaden provides the following FY25 production and capital expenditure guidance: Production Guidance – FY25 CAPEX Guidance – FY25 Unit Lower Upper Unit Lower Upper DAP Equivalent KMT 5,900 6,200 Total CAPEX* SAR (mn) 7,550 9,550 Ammonia KMT 3,000 3,200 *Growth CAPEX allocated at 70-75% Alumina KMT 1,750 1,950 Aluminum KMT 850 1,100 Flat Rolled KMT 250 310 Gold Koz 475 560 ANALYST CALL AND EARNINGS PRESENTATION Maaden will be hosting an analyst call Thursday, 7 August 2025, at 17:00 KSA time to present its Q2-FY25 financial results. For conference call details, please email invest@ ABOUT MAADEN Maaden is the Middle East's largest multi-commodity mining and metals powerhouse and stands among the world's fastest growing, with a robust SAR32.5 billion (US$8.7 billion) in revenues for 2024. As a KSA-based, globally significant mining champion, Maaden is deploying technology and talent to accelerate the exploration and production of Saudi Arabia's vast mineral endowment to develop mining as the third sector of the Saudi economy. With a skilled workforce of more than 7,000 employees, Maaden operates 17 mines and sites, and its products are currently exported to 55 countries globally. For more information, please visit DISCLAIMER This document may contain statements that are, or may be deemed to be, forward looking statements, including statements about the beliefs and expectations of Saudi Arabian Mining Company (Maaden) (the "Company"). These statements are based on the Company's current plans, estimates and projections, as well as its expectations of external conditions and events. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. As a result of these risks, uncertainties and assumptions, a prospective investor should not place undue reliance on these forward-looking statements. A number of important factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements. The Company is not obliged to, and does not intend to, update or revise any forward-looking statements made in this presentation whether as a result of new information, future events or otherwise. This communication has been prepared by and is the sole responsibility of the Company. 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