PETROJET's Success and Expansion in 2024: A Review of Achievements and Future Plans
Key Ideas
- PETROJET completed 265 projects in 2024, amounting to over EGP 80 billion in business volume, with new contracts worth EGP 112 billion, expanding its work until 2028 to EGP 215 billion.
- The company achieved a net profit of over EGP 14 billion and recorded 193 million safe working hours, showcasing its commitment to safety standards.
- PETROJET diversified its business by entering into seawater desalination, green hydrogen, and solar energy projects, alongside establishing partnerships and targeting new markets in various countries.
- Minister Badawi praised PETROJET's role in energy and infrastructure projects, emphasizing the importance of its expansion in foreign markets and participation in national projects to leverage its capabilities.
PETROJET's Chairman, Waleed Lotfy, outlined the company's successful activities in 2024 during its 50th anniversary, emphasizing the alignment with its strategic plan 2022/26. The company completed numerous projects within and outside Egypt, with a substantial business volume and new contracts, strengthening its position until 2028. Lotfy highlighted PETROJET's profitability and commitment to safety standards through recorded working hours. The company's international growth strategy included partnerships in various countries and expansion into new markets. Minister Badawi acknowledged PETROJET's crucial role in energy projects and urged its further expansion globally. He commended the company's contributions to national projects and emphasized leveraging its workforce and capabilities for future endeavors.
Topics
Projects
Partnerships
Safety Standards
International Expansion
Energy Projects
Infrastructure Projects
Business Results
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