The Middle East’s
10. Ahmed Heikal
Designation: Founder & Chairman
Company: Qalaa Holdings
Established: 2004
Headquarters: Egypt
In July 2023, Qalaa Holdings and its waste management and recycling subsidiary, ECARU, signed an MoU with French licensing company, Axens, to carry out technical and economic studies for a second-generation biofuel (advanced bioethanol) and sustainable aviation fuel production project. In 2023, 20% of the company’s energy consumption came from renewable sources.