New collaboration aims to drive excellence and innovation in large-scale construction and infrastructure projects.
Modon Holding PSC has announced a landmark strategic partnership with Hassan Allam Holding to explore new avenues of collaboration in Egypt’s thriving construction sector. The partnership, formalized through a Memorandum of Understanding (MoU), sets the stage for joint ventures focused on large-scale construction projects, including infrastructure, energy, and water and wastewater treatment.
Strengthening Strategic Expansion into Egypt
The agreement signals a new chapter in Modon Holding’s expansion strategy into Egypt. Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding, emphasized that this partnership represents a critical milestone in their continued growth. “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,” Al Zaabi said.
The Ras El Hekma project, a key focus of the partnership, aims to create a vibrant, sustainable, and resilient community, with a focus on long-term operational success. Both companies plan to work closely to ensure the delivery of state-of-the-art infrastructure, including energy, water treatment, and telecommunications services, to support this ambitious development.
Transforming Cities and Enhancing Quality of Life
Hassan Allam, Group CEO of Hassan Allam Holding, expressed pride in joining forces with Modon, highlighting the complementary strengths each party brings to the table. “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,” he said.
Allam emphasized that the partnership would focus on transforming cities and improving quality of life. “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.”
Fostering Innovation in Construction and Execution
One of the key areas of collaboration will be in construction and execution, where Hassan Allam Holding will leverage its expertise to potentially offer turnkey construction solutions. This approach will ensure that Modon’s projects adhere to the highest standards of safety, quality, and sustainability while delivering the vibrant communities envisioned for the Ras El Hekma project.
Bill O’Regan, Group CEO of Modon Holding, highlighted the strategic importance of this partnership, noting that it will deepen Modon’s capabilities and expand its existing relationships within the region. “This collaboration will add further depth to our already existing partnerships for the Ras El Hekma project. It will enhance Modon’s capacity to deliver vibrant lifestyle communities, creating both short-term impact and long-term value for Modon’s residents and guests,” O’Regan stated.
A Partnership Built on Vision and Expertise
As both companies look ahead, the partnership between Modon Holding and Hassan Allam Holding stands as a powerful example of how collaboration, innovation, and shared expertise can drive sustainable urban development. With a focus on the Ras El Hekma project, this strategic alliance promises to deliver not just world-class infrastructure but also a transformative impact on Egypt’s urban and economic landscape.
In the coming years, this partnership will play a pivotal role in shaping Egypt’s future, elevating both companies to new heights as they work together to create enduring value for communities and stakeholders alike.
