Three Egyptian Firms in Forbes’ Top 10 Sustainable Companies in MENA
As the real impact of climate change dawns on Egypt and the Middle East, three companies from ‘Om El Donia’ have been praised for their eco-efforts by Forbes Middle East.
As the age-old issue of climate dance slowly but surely dawns on Egypt and the Middle East, the value of sustainable business models and eco-friendly companies has never been more apparent. Many businesses and startups across Egypt have begun to adopt strong sustainability schemes and even targeted the issue head-on, with three of those companies have been recognised by Forbes Middle East as among the top 10 sustainable companies in the region: Cairo Solar, the Egyptian Company for Solid Waste Recycling (ECARU), and KarmSolar.
The youngest of the bunch, Cairo Solar has only been around since 2014, and is a solar engineering, procurement, construction and financing company that helps minimise the cost of solar system installments. Since its founding, it has contributed to the installation of over 55 solar projects.
ECARU, meanwhile, has specialised in recycling biomass and municipal solid waste since its launch in 1997, and processes around 1.5 million tonnes of agricultural residue each year in countries including Egypt, Libya, Cyprus and Ethiopia.
Founded in 2011, KarmSolar was one of the first Egyptian companies to distribute solar electricity. The company provides microgrid solutions, and recently launched a water solutions division by the name of KarmWater, with a solar-powered water desalination project in Marsa Alam.