According to me-metals cited from mining.com, The MoU sets the framework for exploring strategic collaboration opportunities to potentially develop an alumina refinery in Egypt, with potential for offtake agreements and equity participation.
The MoU was signed by His Excellency Shaikh Salman bin Khalifa Al Khalifa the Minister of Finance and National Economy, Chairman of Mumtalakat Holding Company BSC ©️, and Mr. Mohammed Al Sadawi, Chairman of the Board of Directors of Metallurgical Industries Holding Co.
source: alba.com