Modon Holding has announced a strategic partnership with Hassan Allam Holding to explore collaboration on large-scale construction projects in Egypt, Invest-Gate reports.
The memorandum of understanding aims to bolster cooperation in the construction sector, encompassing infrastructure, energy, water, and wastewater treatment, among other areas.
In response to this collaboration, Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding, remarked, “This agreement marks another significant milestone in our expansion journey into Egypt. It underscores our commitment to fostering partnership opportunities for the Ras El Hekma project, propelling our growth and diversification while solidifying our role as an industry leader that continually sets new benchmarks for excellence.”
Moving forward, both entities will delve into utilities and infrastructure collaboration, specifically focusing on delivering robust and sustainable power, water treatment, and telecommunications infrastructure to underpin long-term operational success.
Hassan Allam, Group CEO of Hassan Allam Holding, expressed, “We take pride in collaborating with Modon, merging our construction expertise with their visionary projects. This partnership concerning the Ras El Hekma project lays the groundwork for delivering world-class developments that advance the region’s urban and economic aspirations. Together, we are dedicated to seizing opportunities that will transform cities and enrich the quality of life. We highly esteem this partnership and eagerly anticipate its success in driving impactful projects.”
Bill O’Regan, Group CEO of Modon Holding, stated, “This collaboration will enhance our existing partnerships for the Ras El Hekma project, further augmenting Modon’s ability to deliver dynamic lifestyle communities that generate short-term impact and long-term value for Modon’s residents and visitors.”
Another facet of cooperation lies in construction and execution, where Hassan Allam Holding may potentially provide turnkey construction solutions while upholding stringent standards of safety, quality, and sustainability for Modon’s projects.