Home » Egyptian tycoon Hassan Allam’s group expands presence with Riyadh headquarters

Egyptian tycoon Hassan Allam’s group expands presence with Riyadh headquarters

The inauguration of the Riyadh headquarters marks a significant milestone in Hassan Allam Holding's international expansion

by Yusuf Abdulfatai
Hassan Allam

Egyptian engineering and construction giant, Hassan Allam Holding, led by prominent businessman Hassan Allam, is strengthening its global footprint with the opening of its regional headquarters in Riyadh, Saudi Arabia. This move is part of the company’s strategy to expand its influence across the Middle East and Africa.

The inauguration of the Riyadh headquarters marks a significant milestone in Hassan Allam Holding’s international expansion, which spans over ten countries, including the United Arab Emirates, Oman, Libya, Jordan, and Algeria.

With a strong presence in the construction and engineering sector, the group has been a key player in Saudi Arabia since 1976, contributing to the country’s infrastructure and cultivating lasting partnerships.

Hassan Allam Holding CEO Hassan Allam emphasizes regional leadership with Riyadh HQ inauguration

Speaking at the inauguration, Hassan Allam, the CEO of Hassan Allam Holding, highlighted the strategic significance of the move, stating, “This is a major step forward for us and reinforces our position as a regional leader. With a backlog of over $5.5 billion, of which 30 percent is from international markets, the launch of our Regional Headquarters in Riyadh is a key step in streamlining our international operations.”

Co-CEO Amr Allam echoed this sentiment, saying, “The Regional Headquarters in Riyadh is a pivotal moment in our journey and will play an important role in guiding our international activities across the Middle East and Africa, both in construction and in investment and development. We are ready to use this platform to achieve sustainable growth and build lasting relationships.”

Hassan Allam Holding: Pioneering excellence in global infrastructure

Hassan Allam Holding, with over eight decades of experience, is a dominant force in engineering, procurement, construction, building materials, and utilities sectors. The Riyadh Regional Headquarters will serve as the central hub for the company’s global operations, managing strategic planning, business development, and key corporate functions such as human resources, communications, accounting, financial reporting, budgeting, treasury, financing, IT services, support, and governance.

With a construction backlog exceeding $3 billion, Hassan Allam Holding has solidified its position as a major industry player, contributing significantly to the economic development of the region through the successful delivery of large-scale projects. The Riyadh headquarters not only represents physical expansion but also stands as a testament to the company’s commitment to sustainable growth and lasting partnerships across the globe.

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.