Modon Holding PSC has entered into a strategic partnership with Hassan Allam Holding to explore collaboration on large-scale construction projects in Egypt. The memorandum of understanding aims to enhance cooperation in the construction sector, including infrastructure, energy, and water and wastewater treatment, among other areas.
Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding, stated: “This agreement marks another significant step in our expansion into Egypt. It underscores our commitment to fostering partnership opportunities for the Ras El Hekma project, which will drive our growth and diversification, reinforcing our status as an industry leader that continually sets new benchmarks for excellence.”
Both entities will further explore collaboration in utilities and infrastructure, specifically investigating methods to deliver resilient and sustainable power, water treatment, and telecommunications infrastructure to support long-term operational success. Hassan Allam, Group CEO of Hassan Allam Holding, commented: “We are honored to partner with Modon, merging our construction expertise with their visionary projects. This collaboration on the Ras El Hekma project sets the stage for delivering world-class developments while advancing the region’s urban and economic goals. Together, we are dedicated to seizing opportunities that will transform cities and improve the quality of life. We highly value this partnership and anticipate its success in driving impactful projects.”
Bill O’Regan, Group CEO of Modon Holding, added: “This collaboration will deepen our existing partnerships for the Ras El Hekma project. It will further enhance Modon’s ability to deliver vibrant lifestyle communities, creating both short-term impact and long-term value for our residents and guests.” Another area of cooperation is in construction and execution, where Hassan Allam Holding could potentially provide turnkey construction solutions, ensuring high standards of safety, quality, and sustainability for Modon’s projects.
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