Hassan Allam Holding, a prominent privately-owned engineering and construction firm led by Egyptian entrepreneur Hassan Allam, has clinched a significant $64-million contract with UAE-based Eagle Hills Properties to spearhead the Soul Luxury Beach Resort development on Egypt’s North Coast.
The contractual agreement, covering the development of parcels on and two within Phase 1A of the Soul Luxury Beach Resort, was jointly announced in a press release. According to the statement, the ambitious project is slated for completion within a 960-day timeframe from the commencement of construction.
This collaboration follows closely on the heels of Eagle Hills Properties’ prior investment in the region, having awarded a $65-million contract to Orascom Construction in August.
Allam, the CEO of Hassan Allam Holding, expressed his enthusiasm for the partnership, stating: “We are proud of our partnership with Al Abbar, which has not only fueled the realization of groundbreaking projects but has also underscored the immense potential that emerges when two industry leaders unite in purpose. Our shared journey has fortified our commitment to innovation, excellence, and a collective vision that continues to shape the future of construction and development.”
Spanning a vast 580-acre area, the Soul Luxury Beach Resort is a Mediterranean paradise boasting 1.5 kilometers of sandy shoreline. The resort offers beach mansions with breathtaking sea views, serene lagoons, and lush landscapes. An array of opulent amenities includes pristine beaches, cascading lagoons, a majestic waterfall gate, a picturesque beach boardwalk, and an infinity pool on a pier.
Hassan Allam Holding boasts an impeccable reputation in the engineering, procurement, construction, building materials, and utilities industries. With more than eight decades of experience, it is one of the largest privately held corporations in North Africa and the Middle East.
Led by visionary businessman Hassan Allam and his brother Amr Allam, the company has accumulated experience and expertise, exhibiting remarkable growth and a robust project execution record across various sectors, including residential, commercial, industrial, and infrastructure.
With a construction backlog exceeding $3 billion, Hassan Allam Holding has solidified its position as a major industry player, continually contributing to the region’s economic development by successfully delivering large-scale projects.
