Egyptian Tycoon Khayri Abo Elyazzed's Riga Holding Expands Sub-saharan Presence With New Contracts

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egyptian tycoon khayri abo elyazzeds riga holding expands subsaharan presence with new contracts

RIGA Holding, a prominent engineering and construction conglomerate led by Egyptian businessman Khayri Abo Elyazzed, is accelerating its expansion across sub-Saharan Africa, securing multiple high-value contracts that underscore its growing influence in the region.

The Cairo-based group, known for its robust portfolio in mining, oil, gas, and cement sectors, announced its latest achievements in a press release, highlighting a series of new projects that reflect its strategic ambitions and resilience in the face of global economic uncertainties.

Expansion in Guinea and Nigeria

RIGA Holding has successfully secured contracts with RUSAL Group, one of the world's largest aluminum producers, for construction work in Fria, a town in Guinea's Boke Region. The project involves substantial infrastructure development, including a mazut fuel storage facility at Conakry port with a capacity of 38,000 cubic meters, housed in two large tanks.

In Nigeria, RIGA has further solidified its position by winning two construction contracts with Lafarge Africa Plc, a leading cement manufacturer in the country. These projects align with RIGA's strategic focus on the cement industry, a sector that continues to experience significant growth across Africa.