Egyptian asset manager engazaat plans to invest more than $100 million over the next two years as part of its regional expansion into climate infrastructure, the company said on Sunday.

The planned investment is part of a broader $250 million project pipeline. The firm, which focuses on water–energy–food (WEF) systems, said it is deploying what it describes as the Middle East and Africa’s first fully integrated investment and operational model for green energy and water-for-food projects.

According to the company, the model treats water, energy, and food infrastructure as a single investment case, aiming to improve performance and reduce operating costs through integrated design and financing.

To support its expansion into clean infrastructure, engazaat has launched the SAVE Sustainable Infratech Fund, a $200 million investment platform established in partnership with CI Capital. The fund will be regulated by financial authorities in Egypt and Abu Dhabi, with further details on its rollout to be announced.

engazaat operates under a “utilities-as-a-service” model using a Build–Own–Operate (BOO) structure, under which it develops, owns, and operates infrastructure assets while clients pay for services such as irrigation, water pumping, and renewable electricity rather than investing in the assets themselves.

Founded in 2011, engazaat has developed a $33 million portfolio of sustainable assets to date. Its operations include more than 63 MW of installed solar capacity and the management of over 15 million cubic meters of water annually for agricultural use. The company is expanding its footprint across three countries through long-term service agreements with commercial, agricultural, and industrial clients.

One of the company’s flagship developments is the SAVE-1 project in Egypt’s Dakhla Oasis, which integrates renewable energy and water systems to support agricultural production. The project is expected to cut more than 460,000 tons of carbon dioxide emissions over its operational lifetime.