EGYPT: AH Water buys Ridgewood and obtains 58 desalination plants

There is movement in the water desalination market in Egypt. Ridgewood Egypt, one of the main players in the market has just been acquired by AH Water Investments BV, a joint venture recently formed by Almar Water Solutions, the subsidiary of the Abdul Latif Jameel Energy group and HA Utilities BV, a subsidiary of Hassan Allam Holding.

This is a major operation that allows the new joint venture to take possession of the 58 seawater desalination plants owned by Ridgewood Egypt in the land of the pharaohs. With this acquisition, Almar Water Solutions and HA Utilities BV are strengthening their position in the desalination market in Egypt and becoming leaders in the private sector, as Ridgewood Egypt owned 60% of the desalination plants operated by private companies.

All the reverse osmosis plants have a capacity of 82,440 m3 per day. This drinking water is above all intended for the world of tourism in the coastal governorates such as the Red Sea where several desalination plants are concentrated, especially that of the Bay of Makady Meridien which has a capacity of 2,500 m3 per day.