Karim Awad, CEO of the EFG-Hermes Holding Company, announced the company's plan to invest in the renewable energy sector by creating a plant to generate wind power, in partnership with other parties.
Awad stressed in a special statement to Al-Mal newspaper Monday that the project was still being studied, in cooperation with the Egyptian government.
Awad stressed that Hermes is considering several options for direct investment in infrastructure, consumer products, as well as projects that generate ongoing returns in Egypt and abroad. He pointed out that the consumer sector of the Egyptian market is considered the best within the Arab market.
