Hassan Allam Holding (HAH), a leading construction and engineering group headquartered in Cairo, Egypt and Almar Water Solutions, a leading player in developing and investing in water infrastructure projects announced today that AH Water Investments BV -H. A. Utilities BV, and Almar Water Solutions BV joint venture- has added c.60 water desalination plants to its portfolio through the acquisition of leading water desalination company Ridgewood Egypt.
The acquisition marks the first successful portfolio addition by the joint venture (JV), which was set up primarily to draw on the extensive local and sector experience of Hassan Allam Holding (parent of H.A. Utilities) and Almar Water Solutions to develop water projects in Egypt that fall in line with the nation’s Vision 2030.
Ridgewood Egypt, a major player in Egypt’s water desalination sector with a market share of c. 60%, builds, operates, manages and owns water desalination plants, where it uses reverse osmosis technology. Ridgewood owns and operates a total installed desalination capacity of c.80,000 cubic meters per day, serving a diverse variety of clients across Egypt’s coastal cities. The company provides services through both central and exclusive BOO stations.
With over 22 years of experience in the industry, Ridgewood Egypt is a pioneer in BOO-based water desalination facilities. The company primarily serves the commercial, tourism and industrial sectors through c. 60 desalination plants.
AH Water Investments BV JV was formed in 2019 between Hassan Allam Holding and Abdul Latif Jameel Energy through the companies’ respective subsidiaries H.A. Utilities and Almar Water Solutions. The JV provides upstream solutions for municipal and industrial clients, including water desalination, as well as wastewater and industrial water treatment. The JV will continue to develop water BOT and BOO projects in Egypt, as an owner and operator.