Ministry of Housing, Utilities, and Urban Communities has awarded Hassan Allam Construction (HAC), a subsidiary of Hassan Allam Holding (HAH), an 8,000-acre infrastructure project in Sheikh Zayed, aiming to provide utilities to serve 1 mn citizens, Invest-Gate reports.
For 24 months, HAC’s scope of work will cover the design and construction of all utility networks, roads, as well as, car and service tunnels in the west Cairo area, the Egypt-based company said in a June 15 press release, without revealing the project value.
The move comes as part of the state’s efforts to “expand the footprint of Sheikh Zayed due to the heavy demand for housing, led by economic growth and development,” read the statement.
On another note, in a joint venture with PGESCo, HAC has also been granted engineering, procurement, and construction contract of a 59-megawatt gas power plant in Mazar Sharif, Afghanistan, with costs estimated at USD 89 mn.
Speaking of the agreement, Hassan Allam, the company’s CEO, underlined, “The contract will see [HAC] leverage the true strength of our diversified service offering alongside Ghazanfar Group, a company that has an established track record in its own right and with whom we are proud to be working with.”