Hassan Allam Holding”s Ongoing Projects Reach $10.5 Billion, with 50% Executed Outside Egypt
Hassan Allam, Chairman and CEO of Hassan Allam Holding, revealed that the total volume of the group's ongoing projects stands at approximately $10.5 billion. He noted that nearly 50% of these projects are being executed outside Egypt, aligning with the company's robust regional expansion strategy.
He clarified that the group has no current intentions to list the holding company on the stock exchange. However, it is exploring the possibility of listing select subsidiaries on the Egyptian Exchange (EGX) or one of the Gulf stock markets. This potential move aims to support the group's growth and expansion plans in the coming phase.
Regional Presence
Allam pointed out that the Saudi market is the group's largest overseas market, accounting for about half of its total business volume outside Egypt. This is followed by the United Arab Emirates, Libya, and the Sultanate of Oman.
He further added that the value of the group's contracts in Saudi Arabia alone exceeds $2 billion, confirming that there is a strategic plan to expand into the Saudi real estate sector, complementing its existing construction and building activities.
Furthermore, Allam announced the commencement of the "Noor" project in Saudi Arabia, backed by investments amounting to SAR 3 billion. This step reflects the group's continued expansion in the Saudi market and its commitment to strengthening its presence in urban development and infrastructure projects across the region.