Mohamed El Harmy

Practice Areas

Banking and Finance, Projects and Energy.

Career

Mohamed Elharmy is a Partner at Helmy, Hamza & Partners, Baker McKenzie Cairo. He has been practicing law since 2011, with a particular focus on banking, project finance, oil and gas, renewable energy, and projects. Mohamed advises commercial lenders, ECAs, sponsors, and borrowers. He is primarily involved in cross-border and local syndicated project finance, real estate finance, acquisition finance, and asset finance. He has been ranked as a "Highly Regarded Lawyer" by IFLR1000 across its editions from 2020 to 2024 and a "Rising Star" by Legal 500 EMEA in 2014. Mohamed received his License en droit from Cairo University in 2011. That is in addition to his master's degree in law from Cairo University in 2013 and the University of Aberdeen in 2016. Mohamed was admitted to the Egyptian Bar Association in 2011.

Professional Memberships

Mohamed was admitted to the Egyptian Bar Association in 2011.

Work Highlights

• Advised MEDLOG Transport & Logistics –the global logistics and supply chain provider owned by global shipping company MSC Mediterranean Shipping Company– on entering into a public private partnership with the General Authority of Land and Dry Ports (GALDP) to develop a cutting-edge dry port and logistics center in 10th of Ramadan City, Egypt.

• Advised Suez Wind Energy – a joint venture between ACWA Power and Hassan Allam Utilities (HAU) – in connection with the USD 1.1 billion financing secured to develop a 1.1 GW wind farm located in Egypt's Gulf of Suez. This landmark project is slated to become Egypt's largest wind farm, and wider Africa’s largest onshore wind project to date.

• Advised AMEA Power, one of the region's fastest-growing renewable energy companies, on three pioneering renewable energy projects in Egypt, including (i) the development of a 1000 MWh solar power plant, along with a 600 MWh Battery Energy Storage System (BESS), (ii) the integration of a 300 MWH BESS into the existing 500 MW PV project of Abydos Solar Power. This project integrates Battery Energy Storage Systems (BESS) to optimize renewable energy use, ensuring a stable power supply; and (iii) a landmark 500 MW wind project in the Gulf of Suez with investment cost of USD 600 million.

• Advised AMEA Power on its partnership with the Sovereign Fund of Egypt and other entities to develop a 1,000MW green hydrogen project for green ammonia production aimed at export. The plant will be built in two 500MW phases to mitigate risks and leverage technology improvements. The first phase is expected to start operations in 2027.

• Advising AMEA Power on (i) the development and financing of two renewable projects in Egypt with a capacity of 1000 megawatts and value of USD 1.1 billion; and (ii) the development and financing of a 500MW solar plant in Aswan and a 500MW wind farm in Gulf of Suez.

• Advised African Export-Import Bank in connection with a USD 200 million facility agreement with Hassan Allam Holding ("HAH") to enhance the capabilities of the group's construction arm, Hassan Allam Construction ("HAC") and other subsidiaries across the Middle East and Africa. The facility is geared towards supporting HAC's current and future construction plans, as well as facilitating the execution of approved projects.

• Advised the National Bank of Egypt and a syndicate of 24 banks on extending an EGP 8 billion financing to Evergrow for Specialized Fertilizers. The long-term facility, divided into four tranches including a USD tranche, refinances existing short-term loans and covers operating expenses, in addition to drafting the financing and structuring addendum of a security package for Evergrow.

• Advised African Export-Import Bank in connection with its secured refinancing facility worth USD 44 million to Egypt-based CIAF, the Egyptian joint-stock company that provides aircraft and equipment rental. This is the first aircraft financing for Afreximbank in Egypt.

• Acted for National Bank of Egypt, Qatar National Bank Al Ahli, African Export-Import Bank, Banque du Caire, Suez Canal Bank, United Bank, Arab Investment Bank, Agricultural Bank of Egypt, Industrial Development Bank and Housing & Development Bank, in relation to the financing of Canal Sugar's project financing of a large scale beet sugar factory in Minya, Egypt.

Awards