• Karm Holding plans USD 610M investments in electricity transmission and solar projects across Red Sea and New Valley.
• The company aims to increase solar capacity to 210 MW by 2028 and expand distribution networks.
• The company is targeting a 2031 IPO after scaling solar generation and electricity transmission across multiple Egyptian regions.

Karm Holding

Egypt’s Karm Holding, solar energy solution company, is targeting USD 610 million in investments for electricity transmission and solar projects by 2030. 

In an interview with Alarabiya Business, CEO & Co-founder at Karm, Ahmed ZahranThe company seeks to boost investment in the New Valley from USD 110 million to USD 565 million by 2030, reflecting ongoing projects in the southwestern desert. The CEO also disclosed that the company plans a public offering in 2031.

In the Red Sea region, it plans a 40 MW solar power plant north of Marsa Alam, covering 500,000 square meters, with an investment of USD 45 million.

By the end of 2025, Karm Holding’s investments in Egypt exceeded USD 75 million. Internationally, the company is developing a 7.5 MW solar plant in Cyprus with EUR 8.5 million in investments.

Capacity Growth

Karm Holding’s existing solar projects generated 43 MW by the end of 2025. The company expects to add 25 MW by next year, reaching 68 MW total. Zahran said the new Marsa Alam project alone aims to add 40 MW within two years of receiving the land.

By 2028, Karm Holding anticipates a total electricity generation capacity of 200–210 MW. The company also operates electricity transmission and distribution networks up to 190 MVA, covering Marsa Alam and the New Valley.

The expansion aligns with Egypt’s wider goal of boosting renewable energy adoption while improving electricity access in underserved regions. Karm Holding’s strategy combines generation, transmission, and solar infrastructure to capture opportunities in Egypt’s growing energy market.