engazaat and ADGM

engazaat signs Abu-Dhabi Sustainable Finance Declaration,

Gears up for regional HQ in ADGM

Cairo, Egypt, 12th December, 2024

engazaat, the award-winning solar water company focused on providing innovative clean technology in the Middle East and Africa, has signed the Abu Dhabi Sustainable Finance Declaration, reinforcing its commitment to fostering and integrating green and sustainable investments in Abu Dhabi, the UAE, and the wider region. On its path to expand its global impact, engazaat is set to unveil its regional headquarters at ADGM, the leading climate finance hub in the region.

The declaration, launched by ADGM in 2019, is a coalition of leading organizations committed to fostering and integrating green and sustainable investments in Abu Dhabi, the UAE, and the wider region, in support of the United Nations Sustainable Development Goals. By joining the Abu Dhabi Sustainable Finance Declaration, engazaat will collaborate with other members to create a framework that facilitates a constructive dialog on sustainable finance between all stakeholders, including the financial community, businesses, and the public sector."We are proud to join the Abu Dhabi Sustainable Finance Declaration and work alongside other industry leaders to advance sustainable finance in the region," said Muhammad El Demerdash, CEO and Co-founder of engazaat. He added: "Sustainability is at the core of our mission, and we are committed to developing innovative solutions that create positive environmental and social impact.

With the expansion plans underway in UAE, El Demerdash added: "We are embarking on an exciting journey as we prepare to establish our new regional office in ADGM, a milestone that will broaden our influence beyond the region and onto a global platform. This strategic move reinforces our pledge to create a greener and more sustainable future for all."

engazaat is revolutionizing the clean energy and water sector in Egypt, bringing sustainable solutions to communities and multiple sectors at a time. Through its Sustainable-Agro-Village and Entrepreneurship Park (SAVE 1), engazaat has pioneered the largest off-grid desert reclamation project in Dakhla Oasis in Egypt’s western desert. This project is the largest solar-powered desalination for open-field irrigation in Egypt and Africa.

engazaat is also on the path to revolutionize the Moghra Oasis in Egypt’s western desert with the SAVE 2.0 project, which will positively impact the environment and contribute to a transformative economic and societal impact in the region.

With a vision to democratize cleantech utilities by removing all capital and technical barriers, engazaat also delivers its services to various applications and market segments, including commercial and industrial sectors. In the commercial sector, engazaat is leading by providing over 20 megawatts of solar power capacity in four Majid Al Futtaim properties in Egypt and Lebanon. It is also heading the largest single-roof solar project in Egypt’s industry sector with 7 MW in the Suez Canal Economic Zone in Egypt.

engazaat joins more than 150 public and private sector signatories of the Abu Dhabi Sustainable Finance Declaration in driving a sustainable growth path in the UAE and the region.