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Egypt Oil and Gas newspaper founder awarded for role in attracting FDIs to Egypt

Awarded during the launch of Alya Society in Madrid Span, Fouad spoke on how he moved into entrepreneurship and his achievements over the years

By: Business Today Egypt

Thu, Dec. 23, 2021

Celebrating his role in attracting foreign investments into Egypt’s oil and gas sector, Eng. Mohamed Fouad, Founder and CEO of Egypt Oil and Gas (EOG), was awarded the first ever Alya Society International Award in recognition of his contributions in the sector and achievements in the field of business leadership.

Awarded during the launch of new business network club, Alya Society, in Madrid Span, Fouad spoke on how he moved into entrepreneurship and his achievements over the years.

“From a very young age I knew, in my heart, that I would someday be a businessman leading industry with purpose,” Fouad emphasized during this award acceptance speech.

“My dreams started to really take shape in the year 2000.  I was leading the first-ever energy information channel for petroleum service providers in West Africa at the time. I quickly gained momentum and clarity in 2006. This is when my entrepreneurial ambitions started to brew inside of me. I knew it was time to take a new path,” he added.

Building upon this vision, Fouad moved on to establish one of the Middle East’s most reliable source of information about the Egyptian petroleum sector, EOG.

“My goal and focus in establishing EOG as a media outlet were to provide industry professionals and concerned readers with real-time news, current updates, and relevant analysis about the latest trends in the Egyptian oil and gas market,” he explained.

During her speech, Egyptian entrepreneur Nehad Sharaf, founder and president of Alya Society, stated that the award presented reflects the Arabic meaning of the club’s name “high status, eliteness, and exclusivity”. She followed with explaining the award’s criteria and selection honoring outstanding performers from various sectors for exemplifying in resilience, reinvention, social impact, adaptability, and sustainability.

Alya Society is launched as Madrid’s first international English-speaking business networking club, reflecting “the taste of a luxury brand- affording its members exclusive access to a year-round experience of luxury lifestyle.” It aims to support its members in reaching their personal and professional goals, enjoying access to unique events varying between exclusive presentations by award winning speakers, and unique private events.

Sharaf said during the event: “It has been a pleasure to recognize Mr. Mohamed Fouad amongst the 10 outstanding performers. The recognition honors the reinvention and adaptability he pursued in founding, managing, and excelling Egypt's first oil and gas information provider.”

Over the years, EOG succeeded in promoting coordination between energy organizations, whether they be governmental or private businesses. Moving his dream forward, Fouad established the first-ever public-private committee in Egypt, unifying the industry's voice and enhancing its well-being.

During his career, Fouad showed a special skill to create chances out of crises. He has also been recognized for his ability to quickly adapt and innovate throughout the COVID-19 pandemic.