Egyptian asset manager engazaat has announced plans to invest over $100 million in regional climate infrastructure over the next two years. The move is part of a larger $250 million project pipeline aimed at expanding its footprint in sustainable water, energy, and food systems.
A Pioneering Integrated Model
engazaat is deploying what it describes as the Middle East and Africa’s first fully integrated investment and operational model for green energy and water-for-food projects. This innovative approach treats water, energy, and food (WEF) infrastructure as a single, unified investment case.
By integrating the design and financing of these critical systems, the firm aims to significantly improve performance, enhance sustainability, and reduce overall operating costs for its clients.
Launching The SAVE Sustainable Infratech Fund
To fuel its expansion into clean infrastructure, engazaat has launched the SAVE Sustainable Infratech Fund. This $200 million investment platform was established in partnership with CI Capital.
The fund is set to be regulated by financial authorities in both Egypt and Abu Dhabi, positioning it as a key vehicle for channeling capital into the region’s green transition. Further details on the fund’s rollout are expected to be announced soon.
Utilities-as-a-Service Through A BOO Structure
engazaat operates on a “utilities-as-a-service” model, utilizing a Build-Own-Operate (BOO) structure. Under this model, the company develops, owns, and operates the infrastructure assets itself.
Clients, in turn, pay for essential services like irrigation, water pumping, and renewable electricity without needing to invest in the underlying assets. This approach provides commercial, agricultural, and industrial clients with access to state-of-the-art infrastructure without the heavy capital expenditure.
Proven Track Record And Flagship Projects
Since its founding in 2011, engazaat has developed a $33 million portfolio of sustainable assets. Its current operations include over 63 MW of installed solar capacity and the management of more than 15 million cubic meters of water annually for agricultural use.
A flagship development is the SAVE-1 project in Egypt’s Dakhla Oasis, which integrates renewable energy and water systems to bolster agricultural production. The project is projected to reduce carbon dioxide emissions by more than 460,000 tons over its operational lifetime.
About engazaat
Founded in 2011, engazaat is an Egyptian asset manager focused on developing and operating sustainable infrastructure across the Middle East and Africa. The company specializes in integrated water-energy-food (WEF) systems, operating under a “utilities-as-a-service” model to provide clients with efficient and cost-effective green solutions.
Source: Fast Company Middle East
