assan Allam receives The Ministry of Investment Saudi Arabia (MISA) investment license and approval to launch Regional Headquarters (RHQ) in Riyadh, Saudi Arabia.
Cairo, Egypt – 4 March 2024.
Hassan Allam Holding, a leading group in construction, engineering, and investment and development headquartered in Cairo, Egypt, announced today the inauguration of its regional headquarters in Saudi Arabia, marking a significant milestone in the Group’s international journey. This strategic launch reinforces our commitment to expanding our presence across the Middle East and Africa while upholding our deep-rooted connection to Egypt.
Hassan Allam Holding operations now span over 10 countries, which include Egypt, Saudi Arabia, United Arab Emirates, Oman, Libya, Jordan and Algeria, as well as other countries in the pipeline expected to launch activities soon. With a legacy spanning back to 1976 in Saudi Arabia, Hassan Allam has demonstrated mastery in delivering complex infrastructure projects, forging invaluable partnerships, and navigating the Saudi market.
Hassan Allam, CEO of Hassan Allam Holding, said ” We are proud of this strategic move as it marks a significant step forward and solidifies our position as a leader in the region. With a backlog exceeding USD 5.5 billion and the international portion compromising 30% of it, the launch of our Regional Headquarters in Riyadh signifies a monumental step towards consolidating our international operations.”
Amr Allam, Co-CEO of Hassan Allam Holding, commented “The inauguration of our Regional Headquarters in Riyadh represents a pivotal moment in our journey and will play a critical role in steering our international activities across the Middle East and Africa, equally, on the construction as well as the investment and development aspects of our business. We are poised to leverage this platform to drive sustainable growth and foster enduring partnerships.”
The Regional Headquarters will oversee the Group’s international operations, focusing on part of the international markets. This responsibility encompasses strategic planning, business development, and the management of various corporate functions related to the Group’s international endeavors. These functions include human resources, corporate communications, accounting and financial reporting, budgeting and financial planning, treasury and financing, IT services and support, as well as governance and compliance.
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About Hassan Allam Holding
Hassan Allam Holding is a leading Egyptian group with a focus on engineering and construction, and investment and development. The group operates in 10 different countries across diverse sectors including infrastructure, energy, water, industrial, logistics, petrochemical, and complex large-scale projects in Egypt and the MENA region. The founders of Hassan Allam Holding commenced operations in 1936, making the oldest construction franchise in the MENA region with a solid reputation, superior technical capabilities, and a diversified portfolio. With a legacy of identifying and investing in attractive infrastructure projects, in the past five years, it has delivered over 70 projects and has a current backlog exceeding USD 5.5 billion. The group is named among the Engineering News-Record (ENR) list of the top 250 global contractors.
For more information, visit: www.hassanallam.com
