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TAQA Arabia, led by Egyptian executive Pakinam Kafafi, strikes deal to expand CNG use
The partnership aligns with Egypt’s push for cleaner energy in transportation, as the country looks to cut fuel costs and reduce carbon emissions.
The partnership aligns with Egypt’s push for cleaner energy in transportation, as the country looks to cut fuel costs and reduce carbon emissions.
TAQA Arabia's revenue surged to $266 million in the nine months of 2024, up from $198.3 million during the same period in 2023.
Driven by sustained energy demand, TAQA Arabia’s revenue climbed to $75.3 million in the first three months of 2024, up from $61.8 million in the same period last year.
TAQA Arabia remains resilient under Egyptian executive Pakinam Kafafi despite escalating operating costs.
Kafafi, a prominent figure in North Africa’s business landscape, has played a pivotal role in TAQA’s remarkable growth trajectory.
The acquisition comes as no surprise, given TAQA Arabia’s remarkable growth under the leadership of Kafafi.
Kafafi, who is one of North Africa’s leading businesswomen, has played a pivotal role in TAQA’s growth.
Under Kafafi, TAQA Arabia has experienced remarkable growth.
TAQA Arabia is Egypt’s leading energy and utility provider.
With the acquisition, the Cairo-based energy company plans to expand its portfolio in Africa and the Middle East.
Raya Holding is an Egyptian investment conglomerate founded in 1999.