Table of Contents
Key Points
- Egyptian tycoon Ibrahim Al Organi’s Organi Group partners with CSCEC and others to launch a $5 billion contracting consortium targeting major projects.
- The consortium’s first major project is Egypt’s Ras El Hikma, with expansion plans in Libya and Saudi Arabia over the next decade.
- The agreement, signed with government officials, deepens China’s role in Egypt’s infrastructure boom through CSCEC-led projects in key economic zones.
Organi Group, one of North Africa’s largest and most diversified holding groups led by Egyptian tycoon Ibrahim Al Organi, has joined forces with its subsidiary Abnaa Sinai for Construction and Building, IGI Holding’s subsidiary Income, and China State Construction Engineering Corporation (CSCEC) to launch a major contracting consortium.
The consortium aims to take on large-scale projects across Egypt and beyond, targeting $500 million in business volume in its first year and a total investment of $5 billion within three years.
Major projects on the horizon
Essameldin Al-Organi, CEO of Organi Group, said the consortium’s first major project will be Ras El Hikma, a transformative development in Egypt’s real estate sector. The group is also looking at opportunities in Libya and Saudi Arabia, with long-term plans to expand into the industrial sector over the next decade.
The agreement was formalized at a signing ceremony attended by Egypt’s Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, and Chao Liu Cheng, Commercial and Economic Attaché at the Chinese Embassy in Cairo, representing Ambassador Liao Liqiang. The partnership is expected to accelerate growth in Egypt’s construction sector by combining global expertise with local resources.
Strengthening Egypt-China economic ties
El-Sherbiny emphasized Egypt’s strong economic ties with China, noting that the government is committed to deepening cooperation with Chinese firms. He pointed to ongoing collaborations in major national projects, such as the Central Business District in the New Administrative Capital and the Downtown Towers in New Alamein City, both executed with CSCEC’s involvement.
CSCEC Egypt General Manager Chang Weicai described the partnership as a key step in strengthening China’s role in Egypt’s infrastructure boom. He reaffirmed CSCEC’s commitment to delivering innovative, large-scale projects that will create jobs and drive economic growth.
Organi Group’s growing influence
Founded in 2010, Organi Group has become a major force in Egypt’s economic transformation. Its investments span construction, real estate, ready-mix concrete, export trade, transportation, hospitality, tourism, and maintenance.
At the heart of this expansion is Ibrahim Al Organi, a visionary entrepreneur with a background in engineering and advanced business studies. He launched Abnaa Sinai in Arish in 2010, a move that positioned him at the center of multiple industries and cemented his status as a key figure in Egypt’s business landscape. Under his leadership, Organi Group has grown into a powerhouse, driving development across critical sectors.
In June 2024, the company signed a deal with Qatari Diar, the real estate arm of the Qatar Investment Authority, to develop three real estate projects in Egypt. With its latest consortium, Organi Group continues to shape the country’s infrastructure and economic future, reinforcing its position as a leader in large-scale development.
