Hassan Allam, Abdul Latif Jameel form JV for developing, investing in water projects
INVESTMENT WATCH- Hassan Allam, Abdul Latif Jameel form JV to develop and invest in water projects: Hassan Allam Holding and Abdul Latif Jameel have established a joint venture company to develop and invest in water projects in Egypt, according to a company statement (pdf). The JV will finance water and wastewater infrastructure projects under build-operate-transfer (BOT) and build-own-operate (BOO) frameworks, acting as both a special purpose vehicle investor and an operation and maintenance (O&M) supplier. The company is currently studying a number of greenfield projects, as well as looking to acquire other O&M service companies and brownfield assets. Hassan Allam Utilities and Almar Water Solutions — the companies’ respective subsidiaries — will operate the JV.