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Egyptian billionaire Hassan Allam signs deal to revive Alexandria Tram Line

The contract, awarded by the National Authority for Tunnels (NAT), marks a pivotal push to modernize urban transport in Egypt’s second-largest city.

Egyptian billionaire Hassan Allam signs deal to revive Alexandria Tram Line
Hassan Allam

Table of Contents


Key Points

  • Hassan Allam Construction signs a contract to modernize Alexandria’s historic Raml Tram, cutting travel time from 60 to 35 minutes. 
  • Project triples tram capacity, doubles speed, and upgrades 13.2 km corridor with new depots, viaducts, and 24 stations. 
  • Hassan Allam Holding expands its MENA footprint, raising $55 million in Bab Masr real estate and renewable energy infrastructure.

Hassan Allam Construction, the construction arm of Egyptian billionaire Hassan Allam's privately held conglomerate, Hassan Allam Holding, has signed a deal with The Arab Contractors to overhaul Alexandria’s iconic Raml Tram system.

The contract, awarded by the National Authority for Tunnels (NAT), marks a pivotal push to modernize urban transport in Egypt’s second-largest city. The project includes the complete rehabilitation of a 13.2-kilometer tram corridor, the construction of a new maintenance depot, elevated viaducts at major intersections, and upgrades to 24 stations.

Travel times will be cut from 60 to 35 minutes, while average speeds will nearly double from 11 km/h to 21 km/h. The project also targets a dramatic increase in passenger capacity, tripling hourly ridership from 4,700 to 13,800 in each direction by reducing headways from nine minutes to three.

Driving sustainable growth in Egypt’s infrastructure sector

Hassan Allam, CEO of Hassan Allam Holding, emphasized the project’s dual role in enhancing urban transit and preserving Alexandria’s cultural heritage. “Revitalizing the historic Raml Tram will not only improve urban mobility in Alexandria but also preserve a vital piece of the city’s cultural identity,” he said. 

Under the leadership of Hassan and Amr Allam, the company has cemented its position as a regional construction powerhouse with over 12 million square meters of completed projects spanning North Africa and the Middle East. Its diversified portfolio increasingly encompasses renewable energy and smart infrastructure, aligning with Egypt’s national development goals. 

Expanding footprint across MENA with strategic investments

Beyond Egypt, Hassan Allam Holding is rapidly expanding in the Middle East and North Africa. Recent moves include new offices in Riyadh and bolstered operations across the UAE, Oman, Libya, and Algeria. In a significant real estate play, Hassan Allam Holding recently raised EGP2.8 billion ($55 million) for Bab Masr, a mixed-use development near Cairo’s Upper Egypt railway station — a gateway to southern Egypt.

Meanwhile, Hassan Allam Holding is investing in renewable energy projects and partnering with the Egyptian Ministry of Petroleum to deploy a nationwide network of electric vehicle charging stations, signaling a forward-looking approach to sustainable infrastructure.

Last year, Hassan Allam Construction secured contracts for phases 2 and 4 of the Ramhan Island Development in Abu Dhabi, reinforcing its Gulf presence. It also announced plans to develop Egypt’s first international port terminal at Noatum Ports-Safaga in Upper Egypt, underscoring growing Egypt-UAE trade relations. 

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