Hassan Allam Holding (HAH) announced today that it’s joint venture company AH Water Investments BV has added c.60 water desalination plants to its portfolio through the acquisition of leading water desalination company Ridgewood Egypt.
21 October 2020With over 22 years of experience in the industry, Ridgewood Egypt is a pioneer in BOO-based water desalination facilities.
AH Water Investments BV 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 acquisition marks the first successful portfolio addition by the joint venture, 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.