El Sewedy Electric’s energy and water management solutions arm Iskraemeco plans to invest USD 10-20 mn over the next two years to double its share of Egypt’s national water projects, Managing Director Mostafa Ashour told EnterpriseAM. The company is targeting a 40% market share by 2026 by expanding production lines for smart meters and Internet of Things (IoT) systems.

Why this matters: As Egypt works to expand its desalination capacity and towards the private-sector management of water utilities, water leakage and theft — known in the business as non-revenue water — will become an increasingly important concern. Ashour tells us their tech can cut these losses by 20-30% within a year, presenting an attractive cost-recovery strategy to businesses that use water and the companies that provide it.

To hedge against rising import costs, the company has pushed local component integration to 30–50%. This localization allowed them to absorb price spikes without passing the full weight onto government contracts, we were told.

Iskraemeco is also following the capital into Saudi Arabia and the UAE, where it is currently bidding on tenders. In African markets, it uses a buy now, pay later model and phased extension to bypass the budget constraints of partners.

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