UAE’s Modon, Egypt’s Hassan Allam sign MoU on major construction projects in Ras El-Hekma
The MoU aims to strengthen the partnership between the two companies across various sectors, including infrastructure, energy, water, and wastewater treatment, with the goal of delivering sustainable, world-class projects in Egypt.
"This agreement represents another significant milestone in Modon’s expansion into Egypt. It underscores our commitment to fostering valuable partnerships for the Ras El-Hekma project, which will be pivotal in driving our growth and diversification strategies. We remain steadfast in our mission to set new standards of excellence in the construction sector,” Chairman of Modon Holding Jassem Mohamed Bu Ataba Al Zaabi said.
As part of the collaboration, the two companies will explore opportunities to enhance utilities and infrastructure, with a specific focus on delivering sustainable and resilient power, water treatment, and telecommunications systems.
These developments are intended to support the long-term success of the Ras El-Hekma project and its surrounding communities.
"We are excited to partner with Modon, leveraging our expertise in construction and infrastructure to help bring their visionary projects to life. The Ras El-Hekma collaboration will be key in advancing the region’s urban and economic ambitions. Together, we are committed to creating transformative developments that will improve quality of life and contribute to the region’s growth,” Hassan Allam, CEO of Hassan Allam Holding, stated.
Meanwhile, Group CEO of Modon Holding Bill O'Regan said: “This partnership significantly enhances our capacity to deliver vibrant, sustainable communities at Ras El-Hekma. By combining our strengths, we aim to create lasting value for residents and guests, while making a positive impact on the region’s infrastructure and economy."
Modon Holding, based in Abu Dhabi, develops communities, luxury hospitality experiences, and world-class sports facilities. It is a private joint-stock entity listed on the ADX Growth Market, with ADQ and the IHC Group as majority shareholders.
Hassan Allam Holding is a construction and engineering group operating across a wide range of sectors, including infrastructure, energy, water, industrial, logistics, petrochemical, and large-scale projects throughout Egypt and the MENA region.