Ibrahim Elwan is the Chairman of Elwan Group, a company created in 1995 to develop, own and operate inter alia infrastructure projects. To date, Elwan Group has developed projects in power, wastewater, and real estate in the United States, Europe, and Asia amounting to about US$ 3 billion.
Since 2000, Elwan Group concentrated its resources on development of the water sector. Presently, Mr. Elwan is the Chairman of TANQIA FZC, Fujairah, one of the first privately-owned wastewater utility in the Middle East. Elwan Group developed, financed, manages and owns majority shareholding of TANQIA. In addition, TANQIA-SIYANA, a fully owned subsidiary of Elwan Group, has a 33-year contract to operate and maintain the facilities owned by TANQIA.
Elwan Group is currently involved in the development of a number of projects in water and wastewater that operate under the brand name of TANQIA. Elwan Group has just commenced the arrangements for manufacture of containerized water treatment units for the supply of potable water to villages in the Middle East and some countries of Africa.
Prior to establishing Elwan Group, Mr. Elwan held a number of senior positions at the World Bank during his nineteen years with the institution. His professional career was primarily focused on the development of infrastructure and energy. In order to overcome the unavailability of long term financing required for infrastructure projects, he spearheaded the World Bank’s first initiative in supporting private sector participation in infrastructure development creating the ‘Private Sector Energy Development Fund” which raised US$ 600 million and generated US$ 2.6 billion in equity and commercial debt to finance about 3,000 MW of privately-owned power generation capacity.
In addition, Mr. Elwan was the architect of the World Bank initiative for the infrastructure development by private sector through Private-Public-Partnership based on Build-Own-Operate structure, and the Enhance–Co-financing Guarantee (ECO Guarantee), where the Bank guaranteed the performance of Governments under the Concession Agreements. The ECO Guarantee instrument was successful in attracting financing for major power projects in countries such as Pakistan and China.
Mr. Elwan studied industrial engineering and management, and master and doctoral studies in economics. He published a number of articles on project finance that appeared in numerous publications, including the Financial Times, Project Finance International, Infrastructure Finance, the Middle East Economic Digest (MEED), Project and Trade Finance, Power in Asia, and the Far Eastern Economic Review.