Monday, 25 May 2026
Egyptian state-owned industrial enterprises named among Forbes’ top 50 companies for 2025
Two of Egypt’s leading industrial companies, Egyptian Chemical Industries (KIMA) in Aswan and Egyptalum (Misr Aluminium Company) in Nag Hammadi, have earned prestigious spots in Forbes Middle East’s annual list of the Top 50 Companies in Egypt for 2025.
Both companies, core entities under Egypt’s Ministry of Public Business Sector, have been celebrated for their significant contributions to national economic development and the country’s industrial modernization. Their achievements reflect the fruitful outcome of ongoing restructuring and modernization initiatives spearheaded by the Ministry.
Founded in 1969, Egyptalum is one of North Africa’s largest aluminum producers. The company proudly claimed 14th place on the Forbes list, boasting a net profit of EGP 9.8 billion (approximately USD 200 million) in the first nine months of fiscal year 2024–2025, marking robust growth of 89%.
Demonstrating its commitment to sustainable and efficient operations, Egyptalum signed a landmark, 25-year power purchase agreement in March 2024 with Norway’s Scatec to build a 1 gigawatt solar power plant, representing an investment of USD 750 million. The project aims to reduce costs, boost operational efficiency, and significantly enhance the company’s environmental sustainability.
In addition, Egyptalum continues to invest in development, including upgrading its existing smelter, expanding production capacity, and introducing new products such as aluminum foil and wheels.
Egyptian Chemical Industries (KIMA), established in 1956 and a flagship in fertilizer and chemical production, ranked 34th on the Forbes list. KIMA reported a remarkable net profit of EGP 811.6 million in the first nine months of the fiscal year—an extraordinary 693.5% growth compared to the same period last year.
In August, KIMA began constructing new nitric acid and ammonium nitrate plants with daily capacities of 600 and 800 tons, respectively. The company also recently rehabilitated its ferrosilicon furnace—which had been inactive for over five years—and signed a management agreement with Al Shark Investment Company to produce 18,000 tons of silicon manganese alloys annually.
The Ministry of Public Business Sector expressed its pride in the inclusion of KIMA and Egyptalum in the Forbes ranking, regarding it as a testament to the effective reform, enhanced transparency, and investment-attraction efforts within Egypt’s public sector. This recognition aligns with the country’s strategic objectives to localize industry, increase domestic content, and achieve sustainable development.