The Egyptian Transport Ministry has awarded Hassan Allam Holdings (HAH) a $220-million deal to construct two stations and four bridges as part of a high-speed train project.
The two stations are Alamein and Wadi El-Natroun, and the four bridges consist of two road bridges and two rail bridges.
While Hassan Allam Construction builds two stations, Hassan Allam Roads and Bridges will construct the four bridges under the same project.
“The high-speed train is one of the most important national projects that the Egyptian government has announced,” Hassan Allam Holding CEO Hassan Allam said. “The new railway project will provide easy and convenient mass transportation for all citizens – something that Hassan Allam Holding is always keen on being part of.”
The project will contribute to the development of Egypt’s Red Sea coastal region, accelerating growth in the Suez Canal Economic Zone.
Moreover, it will provide a reliable railway network for residents of New Cairo, Sixth of October, El-Alamein, Borg El-Arab and Alexandria.
Hassan Allam Holding
Hassan Allam Holding is one of the largest privately owned corporations in Egypt, the Middle East and North Africa, boasting more than 80 years of operations.
The company has over 15 subsidiaries operating under three divisions — engineering and construction, engineering and construction and alternative energy and utilities.
Its flagship subsidiary, Hassan Allam Construction, is one of Egypt’s most significant privately-owned operations and one of the oldest in the region. It focuses on large-scale, technically complex projects, such as power stations, water and wastewater treatment facilities, industrial and petrochemical plants and high-end residential and commercial real estate.
Hassan Allam is co-CEO of Hassan Allam Holding.
