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Key Points
- RIGA Holding plans 2025 expansion into East Africa’s cement and mining sectors, capitalizing on the region’s untapped potential and resources.
- The company is also expanding in West Africa, launching subsidiaries in Senegal and Côte d'Ivoire to strengthen its presence in cement, mining, and energy.
- RIGA Holding continues to thrive under Khayri Abo Elyazzed's leadership, securing major contracts and expanding its diverse portfolio across Africa.
RIGA Holding, the privately held engineering and construction giant led by Egyptian businessman Khayri Abo Elyazzed and COO Omar Khairy, has unveiled plans for 2025, starting with new contracts in East Africa's cement and mining sectors. The expansion underscores the group's strategic shift to capitalize on the region's untapped opportunities and resources.
Khairy, recognized as one of Egypt’s emerging business leaders, emphasized commitment to East Africa’s economic landscape. “Our vision for 2025 is to position RIGA as a key player in East Africa’s thriving industries by leveraging our expertise and proven track record. The region offers vast potential, and we’re ready to deliver innovative solutions to its diverse sectors,” Khairy said.
West African expansion gains momentum
RIGA Holding is making bold strides by expanding its reach—a shift in its strategy. Led by Abo Elyazzed and Khairy, the Cairo-based firm is now poised to play a key role in East Africa's cement and mining sectors. These new ventures will contribute to large-scale infrastructure development, aligning with the region's rising economic ambitions.
Alongside its expansion into East Africa, RIGA Holding is also launching operations in Senegal and Côte d'Ivoire this month. These new subsidiaries will serve as central hubs for the company’s growing presence in West Africa, where it has formed partnerships with major players in cement, mining, oil, and gas.
Commenting on the group's West African initiatives, Khairy said, “We consider Senegal and Cote d’Ivoire as strategic countries in the region, already we have key players partners with us in cement, mining, oil and gas and by operating these subsidiaries, more opportunities and clients will be added to RIGA’s track record due to the dedication and efficiency of our performance.”
Resilient leadership amid economic challenges
Under Abo Elyazzed’s leadership, RIGA Holding has become a pan-African leader with a diverse portfolio across mining, oil, gas, and cement. The group operates in 22 countries spanning the Middle East, North Africa, and sub-Saharan Africa, gaining a reputation for resilience in the face of macroeconomic challenges.
In 2024, RIGA secured major contracts with RUSAL Group, including a project in Guinea’s Boké Region to build a 38,000-cubic-meter mazut fuel storage facility at Conakry port. The company also secured two major construction contracts with Lafarge Africa Plc in Nigeria, capitalizing on the growing cement sector across Africa.
Beyond Guinea and Nigeria, RIGA Holding expanded its operations in 2024 through maintenance contracts with Lafarge Africa and Dangote Cement in Senegal. The company further enhanced its portfolio by signing construction deals with CIMAF, a Moroccan cement producer, and undertaking an EPC project with SNIM in Mauritania.
RIGA Holding's vision for African growth
With Khairy driving the operational strategy and Abo Elyazzed providing visionary leadership, RIGA Holding’s trajectory showcases its commitment to sustainable growth across Africa. As 2025 begins, the group’s investments in East and West Africa underscore its ambition to become a leading force in engineering, construction, and resource development.
Khairy, who joined RIGA Holding in 2017, has played a critical role in its African and Middle Eastern expansion. At just 29, he has established himself as a key player in the group’s strategic growth, bringing innovative approaches and a sharp focus on operational efficiency.
RIGA Holding, with fully African investments, operates in Egypt, the UAE, Saudi Arabia, Senegal, Burkina Faso, and Côte d’Ivoire. Its blend of local market insight and global practices highlights the rising influence of African firms in the continent’s economic transformation.
