Cairo – Mubasher: Hassan Allam Utilities and Infinity, in partnership with Misr Petroleum and Gastec, have signed a shareholders’ agreement to establish a company for the deployment of electric vehicle (EV) charging stations across Egypt.
Launching Egypt’s first firm for EV charging stations was announced on the sidelines of the EGYPES conference, which took place on 17-19 February 2025, and in the presence of Karim Badawi, Minister of Petroleum and Mineral Resources, according to a press release.
This agreement will leverage the extensive filling station networks of Misr Petroleum and Gastec for installing and operating EV chargers at strategic high-traffic locations nationwide.
The CEO of Hassan Allam Utilities, Dalia Wahba, said: "This partnership reflects our commitment to investing in sustainable infrastructure that supports Egypt’s energy transition,” adding: “We are taking a major step toward building an integrated EV ecosystem that facilitates the shift to sustainable and eco-friendly transportation.”
Co-Founder and CEO of Infinity, Nayar Fouad, said: "This partnership marks a transformative step in accelerating the adoption of EVs in Egypt.”
Fouad noted: “By joining forces with industry leaders, we are not only expanding charging infrastructure but also laying the groundwork for a more sustainable mobility ecosystem.”
The CEO concluded: “With the support of the Ministry of Petroleum, we are confident that this collaboration will drive the widespread adoption of EVs and strengthen Egypt’s position as a regional leader in electric mobility.”
This initiative is a key pillar of the Egyptian Ministry of Petroleum and Mineral Resources' strategy to advance sustainable mobility and diversify energy solutions.
The shareholders’ agreement was signed by Mohannad Kamal, Chief Commercial Officer at Hassan Allam Utilities; Shams Abdel Ghaffar, Managing Director of Infinity EV; Mohamed Maged, Chairman of Misr Petroleum; and Abdel Fattah Farahat, Chairman of Gastec.
