Egypt’s private sector is becoming more competitive on a global scale, especially, as these leading CEOs attest, in providing energy and industry solutions.
Although Siemens has been operating in Egypt for more than a century, the recent completion of a megaproject signals a new era for the company
Siemens Egypt boosted Egypt’s power generation capacity by over 40 percent within just a few years through a megaproject undertaken with the Egyptian government and consortium partners Orascom Construction and Elsewedy Electric. The €6 billion project consisted of the construction of three state-of-the-art combined cycle power plants powered by 24 Siemens H-Class gas turbines. Since connecting the 14.4GW in July 2018, the project has revolutionized Egypt’s electricity sector, helping the country steer a course for a sustainable future of economic growth. Having completed the megaproject in a record time, Emad Ghaly, Siemens Egypt CEO, says that “Egypt doesn’t have electricity challenges anymore,” having brought electricity to over 40 million people, a large turnaround from a critical situation in 2014 when the country faced a major blackout.
Bavaria is the second-oldest manufacturer of fire extinguishers in Germany, tracing its roots back to 1923
In 1972, Bavaria Egypt was established as a German-Egyptian joint venture to provide the Egyptian market with firefighting equipment and solutions. A pioneer in Egypt, the company set up branches around the country and later expanded beyond national borders, becoming the leading firefighting solutions provider in the MENA region. Today, Bavaria Egypt, now part of the larger Bavaria Holding, has developed into one of the top manufacturers of fire extinguishers, not only in Africa and the Middle East, but also in Europe. Dr. Nader Riad, Bavaria Egypt’s co-founder and CEO, says that a well-proven business strategy and the “German connection” have helped his company flourish.
A pioneer in Egypt’s solar power industry, Infinity Solar was the first Egyptian company to develop and construct a large-scale solar project in Benban Solar Park, which will become the world’s largest solar power complex when it is completed, with a planned total capacity of 1,650MW.
Its investments at Benban have helped spearhead Egypt’s reputation as a global solar power player while bringing new jobs and knowledge to the local community. Today, Infinity’s projects in operation are estimated to generate about 530,975MWh of electricity per year, which translates to preventing 293,832 tons of CO2 emissions annually.