Modon Holding and Hassan Allam Holding have entered into a partnership for exploring collaboration across large scale construction projects in Ras El Hekma, Egypt.
The companies have signed a memorandum of understanding, which focuses on enhancing cooperation across various large-scale construction projects, including energy, infrastructure and water and wastewater treatment sectors.
The partnership aims to investigate resilient and sustainable solutions for power, water treatment, and telecommunications infrastructure.
These efforts are expected to support long-term operational success and contribute to Egypt's construction industry.
Both companies are set to explore utilities and infrastructure collaboration with a focus on sustainability and resilience.
Hassan Allam may potentially provide Modon with turnkey construction solutions.
These solutions will emphasise high safety, quality, and sustainability standards, aligning with Modon's project requirements.
Through this partnership, Modon is set to leverage Hassan Allam’s expertise in the construction and execution domain, enhancing the overall quality of its projects.
Modon Holding chairman Jassem Mohamed Bu Ataba Al Zaabi said: "This agreement is another milestone in our journey of expansion into Egypt. It demonstrates our dedication to promoting partnership opportunities for the Ras El Hekma project that will drive our growth and diversification, reiterating our position as a leader in the industry that continues to set new standards of excellence."
Hassan Allam Holding Group CEO Hassan Allam added: "We are proud to partner with Modon, combining our construction expertise with their visionary projects. This collaboration on the Ras El Hekma project paves the way for delivering world-class developments while advancing the region’s urban and economic aspirations.
“Together, we are committed to seizing opportunities that will transform cities and enhance the quality of life. We deeply value this partnership and look forward to its success in driving impactful projects."
