The partners have signed a Shareholders Agreement for the deployment of EV charging stations across Egypt. 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 across the nation.
This initiative is a key pillar of the Egyptian Ministry of Petroleum and Mineral Resources' strategy to advance sustainable mobility and diversify energy solutions. Under the leadership of H.E. Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, the ministry has been actively supporting the transition toward cleaner energy alternatives, including electric mobility and natural gas solutions.
The shareholder agreement was signed on the sidelines of the EGYPES conference in Cairo by Mohannad Kamal, chief commercial officer at Hassan Allam Utilities, and Shams Abdel Ghaffar, managing director of Infinity EV, Mohamed Maged, chairman of Misr Petroleum and Abdel Fattah Farahat, chairman of Gastec,
Nayar Fouad, co-founder and CEO of Infinity, said: "This partnership marks a transformative step in accelerating the adoption of EVs in Egypt. By joining forces with industry leaders, we are not only expanding charging infrastructure but also laying the groundwork for a more sustainable mobility ecosystem. 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.”
Dalia Wahba, CEO of Hassan Allam Utilities, commented: "This partnership reflects our commitment to investing in sustainable infrastructure that supports Egypt’s energy transition. By joining forces with industry leaders, we are taking a major step toward building an integrated EV ecosystem that facilitates the shift to sustainable and eco- friendly transportation.”
