This is the latest step in the company's efforts to align with Egypt's national sustainable development strategy, Vision 2030, which aims to contribute to the realisation of the United Nations Sustainable Development Goals. Hassan Allam Holding was greeted as a supporting sponsor of COP27 by Ambassador Achraf Ibrahim, Assistant Foreign Minister and General Coordinator of organisational and financial matters. In addition, he emphasised the importance of Egypt's private sector in advancing climate goals and fostering sustainable business practises.
Merette El Sayed, Chief Commercial Officer of Hassan Allam Holding, said, "It is both an honor and a privilege to support and partner with the Egyptian government at COP27. At Hassan Allam Holding, we understand that real progress requires continuous and coordinated efforts to create the economic and environmental conditions necessary for communities to thrive." She added, "COP27 marks a unique opportunity for us all to bring the conversation on sustainable development to the forefront. It is one of the most important gatherings of stakeholders with an ability to promote and achieve economic growth while safeguarding the environment."
Since its inception in 2017, Hassan Allam Utilities has targeted sustainable infrastructure assets for investment and development. These include renewable energy, water, logistics, mobility, and social infrastructure. Hassan Allam Utilities, the investment and development division of Hassan Allam Holding, is responsible for a number of high-profile initiatives that contribute to Egypt's overall strategy for environmental preservation. Notable examples include co-creating a scheme to construct 4 GW of green hydrogen plants, and developing a 50 MW PV IPP Power Plant in Benban. The business has also agreed to construct the largest onshore wind farms in the world and the largest in the Middle East, a 1.1 GW wind project in Egypt.
