Egyptian asset manager engazaat plans to invest more than $100m over the next two years to support its regional expansion in climate infrastructure, the company announced on Sunday. The investment forms part of a $250m project pipeline, focusing on integrated water-energy-food systems.
Egyptian asset manager engazaat, which specializes in water-energy-food (WEF) systems, is introducing the first fully integrated investment and operational model of its kind in the Middle East and Africa for green energy and water-for-food projects. "We approach water, energy, and food infrastructure as one connected investment case," said Muhammad El Demerdash, founding partner and CEO of engazaat. "When these systems are designed and financed together, they perform better and cost less to run. That is the model we have been building and operating for over 14 years."
The company operates a "utilities-as-a-service" business model under a Build–Own–Operate (BOO) framework, developing, owning, and operating assets while clients pay for services such as irrigation, water pumping, and renewable electricity. To finance its expansion into clean infrastructure, engazaat has launched the SAVE Sustainable Infratech Fund, a $200m investment platform in partnership with CI Capital. The fund will be overseen by financial regulators in Egypt and Abu Dhabi, with an implementation timeline to be announced later.
Founded in 2011, engazaat has delivered a $33m portfolio in sustainable assets. Its current operations include more than 63 MW of solar capacity and the management of over 15 million cubic metres of water annually for agricultural purposes. The firm is expanding to operate across three countries through long-term service agreements with commercial, agricultural, and industrial clients.
A flagship project is SAVE-1 in Egypt's Dakhla Oasis, New Valley governorate, which combines renewable energy and water systems to support local agriculture and is expected to reduce more than 460,000 tonnes of CO₂ over its operating life.