Home » Egyptian tycoon Hassan Allam’s construction group secures first-ever project in Jordan

Egyptian tycoon Hassan Allam’s construction group secures first-ever project in Jordan

by Mfonobong Nsehe

One of Egypt’s leading private groups, Hassan Allam Holding, has secured its first-ever project in Jordan — the construction of a 250-kilometer sewage line and 4,825 collection basins.

The project terms were finalized by Jordanian Minister of Water and Irrigation Mohamed Al-Najjar and Hassan Allam Holding CEO Hassan Allam in the presence of EU and EBRD representatives.

Information gathered by Billionaires.Africa revealed that construction works are set to launch in January 2022.

Hassan Allam Holding is Egypt’s leading privately owned engineering, construction and infrastructure group. It has been active in Egypt’s infrastructure and construction industry since its founding in 1936.

Since the group commenced operations more than 85 years ago, it has extended its activities into diverse sectors with a core focus on large-scale engineering and construction projects, building materials, electrical and mechanical turn-key solutions and utility investment and development.

According to Hassan Allam Holding and the Water Authority of Jordan, the group will execute the project under its subsidiary Hassan Allam Construction, which provides building services to clients.

The project, which forms part of the government’s strategy to fortify northern Jordan’s sanitation network, will improve sanitation services delivery to 200,000 people in the Irbid region.

The project’s announcement comes nearly six weeks after Egyptian authorities awarded Hassan Allam Holding a contract to build new facilities to pump Nile water as the government moved to cultivate and reclaim large tracts of land in the New Delta region in line with plans to expand the country’s agricultural footprint.

In September, the group secured a $220-million deal from the Egyptian Transport Ministry to build two stations and four bridges as part of a high-speed train project.

You may also like

logo

The world’s premier source of news on Africa’s billionaires and UHNWIs.

Newsletter

Get the daily email to stay informed about African billionaires and UHNWIs. Get informed and entertained, for free.

Latest News

@2024 – Billionaires.Africa. All Rights Reserved.