Latest news with #HassanAllamHolding
Daily News Egypt
5 days ago
- Business
- Daily News Egypt
Schneider Electric and Hassan Allam Join Forces to Launch Smart Agriculture Project in Rural Egypt
Schneider Electric, the global leader in energy management and automation, has announced a strategic partnership with Egypt's Hassan Allam Holding to develop a sustainable and technology-driven model for advancing agriculture in underserved communities. The collaboration aims to transform the 'Water-Energy-Food' nexus in rural areas through cutting-edge smart solutions, beginning with a flagship pilot project in El Nouras village, south of Port Said. The initiative was unveiled during Schneider Electric's 'Innovation Day: Buildings of the Future' held in Cairo, underscoring the private sector's expanding role in delivering community-centered, climate-smart infrastructure that supports Egypt's Vision 2030 and the country's international climate commitments. At the heart of the project is the development of a solar-powered, climate-controlled greenhouse expected to produce 20 tons of vegetables annually. The system harnesses Schneider Electric's EcoStruxure technology to improve irrigation efficiency, reduce carbon emissions, and address long-standing agricultural challenges in the area, such as poor water quality and low crop yields exacerbated by climate change. 'This initiative reflects our deep commitment to supporting and empowering local communities through innovative solutions and advanced technologies,' said Sebastien Riez, CEO of Schneider Electric Northeast Africa and the Levant. 'Our partnership with Hassan Allam Holding is a true example of how cross-sector collaboration can turn sustainability ambitions into tangible impact.' Located in the northern Nile Delta, the village of El Nouras is home to nearly 12,000 people who rely on the El-Salam Canal for irrigation. The new greenhouse facility will be entirely powered by solar energy, aligning with Egypt's Integrated Sustainable Energy Strategy 2035 and updated climate targets under the Nationally Determined Contributions (NDCs), which aim to generate 42% of electricity from renewable sources and cut electricity-related emissions by 37% by 2030. Beyond environmental goals, the project is designed to improve livelihoods by creating local jobs, training community members, and enhancing food security in the region. It also supports broader development objectives, such as gender equity, financial resilience, and local capacity building. 'Through this project, we aim to make a real impact on improving quality of life in underserved areas by addressing water, energy, and food challenges within an integrated, sustainable framework,' said Merette Elsayed, Chief Commercial Officer of Hassan Allam Holding. 'Innovation and sustainability are key to building more just and resilient communities.' The collaboration reinforces both companies' long-standing commitment to sustainable development, with a shared vision of leveraging technology and infrastructure to empower communities and bridge development gaps in rural Egypt. The model could eventually be replicated in other regions to scale impact and accelerate progress toward the UN Sustainable Development Goals. As Egypt continues to push forward with its national sustainability agenda, partnerships like this one illustrate how the convergence of technology, clean energy, and inclusive development can drive meaningful, long-lasting change from the ground up.
Zawya
6 days ago
- Business
- Zawya
Egypt: Schneider Electric, Hassan Allam Holding to develop smart agriculture model in Port Said
Arab Finance: Schneider Electric has signed a partnership with Hassan Allam Holding to support smart and sustainable agriculture in Egypt, with a focus on enhancing the 'Water-Energy-Food' Nexus through integrated solutions in rural communities, as per an emailed press release. The two companies will collaborate on a project in El Nouras village, located south of Port Said in Egypt's northern Nile Delta, aiming to improve quality of life through digital and sustainable technologies. The village, home to around 12,000 people, depends on the El-Salam Canal for irrigation, a key infrastructure channeling Nile water to reclaimed lands in Sinai. Under the agreement, Schneider Electric will deploy its EcoStruxure technology to improve energy efficiency, support responsible water use, and enhance agricultural productivity. At the center of the project is a solar-powered, climate-controlled greenhouse expected to produce about 20 tons of vegetables annually. The project addresses ongoing challenges facing the village's farmers, including limited access to quality irrigation water and the impact of climate change on crop yields. By enabling vegetable cultivation and supporting food self-sufficiency, it contributes to Egypt's broader sustainable development objectives. Fully powered by solar energy, the initiative aligns with Egypt's Integrated Sustainable Energy Strategy 2035 and its Updated National Determined Contributions of 2023, which target 42% renewable energy in the electricity mix and a 37% reduction in carbon emissions from electricity by 2030. Beyond reducing reliance on diesel-powered irrigation, the project aims to provide rural communities with greater access to sustainable technologies, support food security, increase farmers' productivity, and contribute to economic resilience. It is also expected to create job opportunities for both women and men while building local capacity for long-term operational sustainability. Announced during Schneider Electric's 'Innovation Day: Buildings of the Future' in Cairo, the partnership reflects the companies' focus on integrating environmental solutions with economic and social development. The project supports ongoing efforts to address infrastructure gaps in Egypt's rural areas, where many communities still lack access to reliable electricity, clean water, and sanitation. Both companies view this collaboration as aligned with Egypt's Vision 2030 and the UN Sustainable Development Goals through practical, community-based solutions. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
6 days ago
- Business
- Zawya
Enhancing Social Impact: Schneider Electric and Hassan Allam Holding partner to advance smart and sustainable agriculture in Egypt
Schneider Electric, the global leader in digital transformation of energy management and automation, announced a strategic partnership with Hassan Allam Holding, a regional leader in engineering, construction, investment, and development. This partnership aims to develop a sustainable and integrated model to enhance the 'Water-Energy-Food' Nexus within Egyptian villages by incorporating the latest smart solutions and digital sustainable technologies. The initiative marks a strategic step toward improving quality of life in underserved communities and supporting national efforts to achieve the Sustainable Development Goals. Under the Memorandum of Understanding, the two companies will collaborate on a pioneering project located in the village of El Nouras, located in south of Port Said, in Egypt's northern Nile Delta region. This rural agricultural community, home to around 12,000 people, relies on El-Salam Canal for irrigation, a vital component of Egypt's water infrastructure that channels Nile water to reclaimed lands in Sinai. The project highlights the joint commitment of Schneider Electric and Hassan Allam Holding to improve the livelihoods of local communities. The partnership focuses on the 'Water, Energy, and Food' Nexus, leveraging Schneider Electric's EcoStruxure technology to deploy innovative, sustainable solutions that improve energy efficiency, support responsible water use, and enhance agricultural productivity. At the heart of the initiative is the installation of a solar-powered, climate-controlled greenhouse designed to cultivate variety of plants and yield around 20 tons of vegetables annually. These interventions directly address local challenges such as limited access to good irrigation water quality and low crop productivity due to climate change impact which have long prevented farmers from cultivating vegetables and achieving food self-sufficiency. Fully powered by solar energy, the system aligns with Egypt's Integrated Sustainable Energy Strategy 2035 & Updated National Determined Contributions in 2023 of generating 42% of its electricity from renewable sources by and cutting electricity carbon emissions by 37% by 2030, which are commitments outlined in both the Paris Agreement and Egypt Vision 2030. Beyond reducing dependence on fossil fuels in irrigation like diesel pumps, the project represents a major step forward in empowering rural communities by enhancing food security, boosting the farmers' productivity, and expanding access to sustainable technologies in resource-limited areas. It also underscores the mutual commitment of Schneider Electric and Hassan Allam Holding to accelerating sustainable transformation, integrating environmental solutions with economic and social empowerment to deliver long-term, meaningful impact. Sebastien Riez, CEO of Schneider Electric Northeast Africa and the Levant, stated: "This initiative reflects our deep commitment to supporting and empowering local communities through our innovative solutions and advanced technologies. At Schneider Electric, we believe that access to clean, reliable energy is a basic right and key development driver." He added: "Our partnership with Hassan Allam Holding is a true example of how cross-sector collaboration can turn sustainability ambitions into tangible impact for a greener, more inclusive future. We are improving livelihoods in local communities and contributing to Egypt's Vision 2030 and global climate goals." Merette Elsayed, Chief Commercial Officer of Hassan Allam Holding, stated: 'Hassan Allam Holding is committed to developing underserved communities through sustainable solutions that address water, food, and energy challenges in an integrated framework. Our collaboration with Schneider Electric in the Port Said project exemplifies this commitment through the implementation of smart, clean technologies that make a real impact on improving quality of life. We believe innovation and sustainability are the foundations for building more just and resilient communities.' The project goes beyond technological innovation to address the broader dimensions of sustainable development. It reflects the joint efforts Schneider Electric and Hassan Allam Holding and to promote local partnerships that transform lives through sustainable initiatives that boost local productivity, create new job opportunities for both women and men, build capacity for local operations, and support long-term financial resilience. The project also reinforces the role of the private sector in delivering community-based, holistic solutions that address infrastructure gaps in rural areas of Egypt, where many still lack accesses to reliable electricity, clean water, and proper sanitation services. The partnership between Schneider Electric and Hassan Allam Holding was announced during "Innovation Day: Buildings of the Future" event organized by Schneider Electric in Cairo, sets a new benchmark for sustainable development, demonstrating how smart and sustainable infrastructure can uplift communities and drive real, measurable progress toward both national and global development goals. Schneider Electric's solutions help reduce projects' carbon footprint, improve resource management, and create healthier, more productive living and working environments by utilizing advanced technologies in smart energy management and automation systems. This aligns with the UN Sustainable Development Goals and Egypt's ambitious vision for a greener and more prosperous future. Schneider Electric's purpose is to create a positive impact by empowering everyone to make the most of energy and resources, bridging progress and sustainability. This is what Schneider Electric calls "Life Is On." Our mission is to be the trusted partner for sustainability and efficiency. As a global leader in industrial technology, we offer expertise in electrification, automation, and digitization to enable smart industries, resilient infrastructure, next-generation data centers, intelligent buildings, and responsive homes. With deep-rooted expertise in this vital field, we deliver integrated, AI-powered Industrial Internet of Things (IIoT) solutions across the full lifecycle—supporting connected products, automation systems, software, and services. We provide digital twins that enable our clients to achieve sustainable growth. As a people-centric company, we rely on a strong global network of 150,000 employees and over 1 million partners across more than 100 countries to remain close to our customers and partners. We are committed to embedding diversity and inclusion in everything we do to fulfill our purpose: to create a sustainable future for all. About Hassan Allam Holding: Hassan Allam Holding is one of the largest companies in Egypt and the MENA region, with more than 90 years of experience in the engineering, construction, and infrastructure sectors. The group operates in diverse sectors, including infrastructure, energy, water, industry, logistics, petrochemicals, and complex large-scale projects in Egypt and the MENA region. The founders of Hassan Allam Holding commenced operations in 1936, making it the oldest construction franchise in the MENA region, with a solid reputation, superior technical capabilities, and a diversified portfolio. With a legacy of identifying and investing in attractive infrastructure projects, the globally expanded group has a current backlog exceeding USD 6 billion. The group is listed among the Engineering News-Record (ENR) top 250 global contractors.
Zawya
07-05-2025
- Business
- Zawya
Egypt: Al-Ahly Pharos concludes 1st Musharaka Sukuk issuance at $39mln
Arab Finance: Al-Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt (NBE), completed its first-ever Musharaka Sukuk issuance at a value of EGP 2.8 billion, according to an emailed press release. Al-Ahly Pharos acted as a financial advisor, lead manager, book-runner, and underwriter for the transaction, which will finance Bab Masr project, established by Hassan Allam Construction-owned Bab Masr Development. The offering received strong investor demand, achieving an oversubscription before closing the issuance. This issuance, which will be utilized to finance a greenfield mixed-use real estate project, marks a significant milestone in the evolution of Egypt's debt capital market. It also secures to access the debt capital market, expanding the landscape of financing opportunities and innovative debt instruments. Zulficar and Partners acted as the legal advisor for the transaction, while Baker Tilly served as the auditor. Middle East for Credit Rating and Investors Service (MERIS) acted as the credit rating agency for the issuance. Meanwhile, ECG was the transaction independent engineer, whereas RSM served as the independent financial advisor. Mohy-Eldin Abdin, Group CFO of Hassan Allam Holding, stated: 'This Sukuk issuance marks a significant milestone in Hassan Allam Holding's financing strategy.' He added: 'The strong participation of leading financial institutions, including National Bank of Egypt, and Suez Canal Bank as underwriters, with additional participation from ADCB, IDB, and SAIB, reflects strong investor confidence in both our vision and the broader potential of more diversified debt instruments.' Bab Misr is a mixed-use development project that spans 100,000 square meters and includes 17 buildings dedicated to commercial, administrative, residential, medical, and garage spaces. Located in Mohandiseen, the project is developed by Hassan Allam Holding. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Daily News Egypt
06-05-2025
- Business
- Daily News Egypt
Al Ahly Pharos closes landmark EGP 2.8bn Musharaka Sukuk for Bab Masr Development
Al Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt (NBE), has announced the successful closure of Al Ahly Sukuk Company's inaugural Musharaka Sukuk issuance, valued at EGP 2.8bn. Acting as financial advisor, lead manager, bookrunner, and underwriter, Al Ahly Pharos played a central role in this landmark transaction, which attracted strong investor demand and was oversubscribed prior to closing. The proceeds will fund the Bab Masr project, a greenfield mixed-use real estate development by Bab Masr Development S.A.E., a fully owned subsidiary of Hassan Allam Construction S.A.E. The project is part of a strategic development surrounding the new Upper Egypt railway station in Mohandiseen, Egypt's largest rail hub, which integrates with Cairo Metro Line 3, the monorail, and the BRT system. Spanning 100,000 square meters, Bab Masr will include 17 buildings comprising commercial, administrative, residential, medical, and parking facilities. This transaction marks a series of 'firsts': it is Al Ahly Sukuk's debut in the Sukuk market, the first Musharaka Sukuk of its kind for the issuer, and a milestone in Hassan Allam Holding's financing strategy. It also represents a significant step forward in diversifying Egypt's debt capital markets and demonstrates the rising interest in Sharia-compliant financing tools. Ahmed Heidar, CEO and Managing Director of Al Ahly Pharos Investment Banking Group, stated: 'This transaction is a strong testament to the depth and strength of Al Ahly Pharos' advisory platform. It reinforces our strategic vision to drive innovation and broaden accessibility within Egypt's capital markets across DCM, ECM, and M&A. As more corporates turn to alternative financing tools, we remain committed to leading the evolution of capital market instruments in alignment with NBE Group's vision for an integrated financial services platform.' Heidar also extended his gratitude to all involved: 'I would like to sincerely thank our exceptional team for their tireless efforts and our client, Hassan Allam Holding, for their trust and ongoing partnership. This transaction reflects the strength of our relationship and shared commitment to growth. We're also deeply grateful to the Sharia Supervisory Committee for their innovative input, and to the Financial Regulatory Authority (FRA) for their continued support and forward-looking stance, which are critical in expanding Egypt's capital market landscape.' Mohy-Eldin Abdin, Group CFO of Hassan Allam Holding, commented: 'This Sukuk issuance marks a significant milestone in Hassan Allam Holding's financing strategy. The strong participation of leading financial institutions—including National Bank of Egypt and Suez Canal Bank as underwriters, and further support from ADCB, IDB, and SAIB—reflects investor confidence in our vision and the broader potential of diversified debt instruments. We are proud to have partnered with Al Ahly Pharos and a strong syndicate of advisors on this pioneering transaction.' Amir Sherif, Managing Director and Head of Debt Capital Markets at Al Ahly Pharos, added: 'This transaction represents a critical milestone—not only as our first Musharaka Sukuk issuance, but as a tangible step toward realizing our vision for Egypt's debt capital markets. At Al Ahly Pharos, we're committed to delivering tailored financial solutions, both conventional and non-conventional, that address our clients' evolving needs. Sukuk is just one component of a much broader aspiration to develop a dynamic, resilient, and diversified financial ecosystem.' He continued: 'I am incredibly proud of our Debt Capital Markets team. In just three years, they have successfully closed nearly EGP 100bn in structured and diversified transactions—an achievement made possible by their dedication, expertise, and client-centric approach.' Sherif concluded with appreciation for the collective effort: 'I extend sincere thanks to all transaction parties for their dedication and close collaboration. Most importantly, we are deeply grateful to Hassan Allam Holding for their strategic partnership and efforts in bringing this Sukuk to market. We also thank the FRA for their indispensable role in facilitating such progress and shaping the future of Egypt's capital markets.' Key advisory and transaction support was provided by Zulficar & Partners as legal counsel, Baker Tilly as transaction auditor, MERIS (Middle East for Credit Rating and Investors Service) as the credit rating agency, ECG as the independent engineer, and RSM as the independent financial advisor.
