{"id":577210,"date":"2022-11-14T04:00:24","date_gmt":"2022-11-14T04:00:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/the-enterprise-climate-ceo-poll-orascom-constructions-osama-bishai\/"},"modified":"2022-11-14T04:00:24","modified_gmt":"2022-11-14T04:00:24","slug":"the-enterprise-climate-ceo-poll-orascom-constructions-osama-bishai","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/the-enterprise-climate-ceo-poll-orascom-constructions-osama-bishai\/","title":{"rendered":"The Enterprise Climate CEO Poll: Orascom Construction\u2019s Osama Bishai"},"content":{"rendered":"

<\/a> Enterprise Climate CEO Poll- Osama Bishai, Orascom Construction:<\/strong> As COP27 rolls on, so does the inaugural Climate CEO Poll from Enterprise Climate and EnterpriseAM. In this series of interviews, we discuss key issues with top CEOs including climate finance, regulation, and the move towards a green economy.<\/p>\n

Osama Bishai (<\/strong>LinkedIn<\/a><\/strong>) is CEO of Orascom Construction (OC). <\/strong>One of the world\u2019s largest contractors with operations both here and in the US (as well as through its Belgium-based, 50%-owned subsidiary BESIX), OC is among firms leading the push to upscale Egypt\u2019s renewable energy capacity, electrify its transport network, and transform it into a regional hub for green hydrogen.<\/p>\n

OC is <\/strong>taking \u201ca very aggressive focus on renewables\u201d with a view to both domestic needs and export<\/strong>, Bishai tells us. The company\u2019s consortium with Toyota Tsusho and Engie now has some 3.8 GW of installed and planned wind capacity here, after announcing plans to build a fresh 3 GW wind farm<\/a> and breaking ground on their 500 MW Ras Ghareb facility<\/a>, both last week during COP. Looking long-term, \u201crenewables and particularly wind will be a major source of electricity for Egyptians and hopefully we are able to export,\u201d he says.<\/p>\n

Transport projects including the <\/strong>high-speed electric rail network<\/a><\/strong> contribute to the government\u2019s decarbonization efforts<\/strong>, Bishai says. \u201cAs far as the pipeline in Egypt goes, we continue to be involved in heavy infrastructure and construction, whether it\u2019s roads or transportation. Transportation is beginning to be a major part of our portfolio, and most of those projects are driven by electric energy, which is a major step forward for the Transport Ministry to be able to decarbonise or decrease the carbon footprint in their portfolio.\u201d<\/p>\n

The company has a first-mover advantage when it comes to green hydrogen: <\/strong>\u201cThe hydrogen projects that we are involved in, we have created a skillset that I believe is unique in this part of the world,\u201d Bishai says. OC is part of the consortium with Scatec, Fertiglobe and the Sovereign Fund of Egypt that is building Egypt\u2019s first green hydrogen plant<\/a>, the first phase of which went into commissioning last week.<\/p>\n

Water is another focus for OC and a key challenge for the country<\/strong>, Bishai adds. OC will look to grow its already \u201csizable portfolio\u201d of water treatment projects, and is \u201cworking on a treatment plant in the middle of the desert to manage and optimize the use of irrigation and the water wasted from irrigation,\u201d he says.<\/p>\n

Sustainable buildings including the Grand Egyptian Museum<\/strong> are another component of the company\u2019s green portfolio, Bishai adds.<\/p>\n

Bishai is optimistic about the potential that the green transition creates for contractors<\/strong> \u2014 and thinks there\u2019s no need to wait for fresh policies out of COP to get the ball rolling. \u201cOur business is unlike some of the businesses that will be affected by policies. There is a great pipeline in renewables for developers and contractors like us,\u201d he says. \u201cThere are several opportunities to get into new technologies that could put contractors at the forefront.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Enterprise Climate CEO Poll- Osama Bishai, Orascom Construction: As COP27 rolls on, so does the inaugural Climate CEO Poll from Enterprise Climate and EnterpriseAM. In this series of interviews, we discuss key issues with top CEOs including climate finance, regulation, and the move towards a green economy. Osama Bishai (LinkedIn) is CEO of Orascom Construction […]<\/p>\n","protected":false},"author":1,"featured_media":577211,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10515],"tags":[7286,6378,228,72,363],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-ceo-poll","tag-climate","tag-climate-ceo-poll","tag-cop27","tag-enterpriseam","tag-orascom-construction","wpautop","entry"],"acf":{"mongo_id":"f47718db-23d9-4ab9-b275-f0c82662f8c4","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/218.jpg","photo_position":"above","related_issue":[577198],"teaser":"","voice_url":""},"yoast_head":"\nThe Enterprise Climate CEO Poll: Orascom Construction\u2019s Osama Bishai - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/the-enterprise-climate-ceo-poll-orascom-constructions-osama-bishai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Enterprise Climate CEO Poll: Orascom Construction\u2019s Osama Bishai\" \/>\n<meta property=\"og:description\" content=\"Enterprise Climate CEO Poll- Osama Bishai, Orascom Construction: As COP27 rolls on, so does the inaugural Climate CEO Poll from Enterprise Climate and EnterpriseAM. 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The company \u201cimplemented an intensive schedule to refurbish, upgrade, and convert\u201d the famous North Coast hotel to a luxury,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/7\/1949.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":649608,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/05\/five-questions-for-osama-bishai-the-orascom-construction-boss-on-what-you-do-after-you-inaugurate-the-worlds-two-largest-power-plants\/","url_meta":{"origin":577210,"position":4},"title":"Five questions for Osama Bishai: The Orascom Construction boss on what you do after you inaugurate the world's two largest power plants.","author":"enterpriseam admin","date":"5 March 2017","format":false,"excerpt":"The first phase of the Burullus (pictured above) and New Cairo power stations were inaugurated on Thursday by President Abdel Fattah El Sisi and German Chancellor Angela Merkel. Once complete, the power stations will be the largest gas-fired combined cycle power plants in the world, Orascom Construction says. \u201cOrascom and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576460,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/24\/orascom-construction-will-take-a-15-take-in-a-new-national-railway-company\/","url_meta":{"origin":577210,"position":5},"title":"Orascom Construction will take a 15% take in a new national railway company","author":"enterpriseam admin","date":"24 November 2020","format":false,"excerpt":"Orascom Construction will take a 15% stake in the newly founded National Company for Railways Industries, CEO Osama Bishai told Al Mal. Samcrete and Hassan Allam will also hold stakes in the new company, along with the Sovereign Fund of Egypt and the SCZone.","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=577210"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577210\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/577198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/577211"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=577210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=577210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=577210"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=577210"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=577210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}