PROJECT

Projects

Summary of Investment Information

Project Number

37831

Company Name

HASSAN ALLAM CONSTRUCTION

Date SPI Disclosed

Apr 26, 2016

Country

Egypt, Arab Republic of

Region

Africa

Projected Board Date

Jun 24, 2016

Environmental Category

A - Significant

Status

Active

Last Updated Date

Oct 25, 2025

Department

Regional Industry - INF Africa

Industry

Tourism, Retail and Property

Previous Events

Approved : Aug 17, 2016
Invested : Sep 6, 2016

Sector

Construction and Real Estate

Project Description

Hassan Allam Holding is a leading private construction group established in 1936 (“The Group”). The Group, through its main subsidiary Misr Sons Development (aka "Hassan Allam Construction" or "HAC") is an experienced contractor, focused on large-scale turnkey industrial and infrastructure projects. HAC principally operates in Egypt, with a presence in Saudi Arabia and Algeria as well. The company also owns subsidiaries and affiliates in a range of complementary businesses that include steel fabrication, ready mix concrete, building technologies & electromechanical work, a concrete pipes factory, and a concrete roads joint-venture with Cemex.

The Group has undertaken a significant growth initiative that includes a large capital outlay to expand its construction equipment fleet and allied facilities in order to meet the rapidly growing business needs. In addition, the Group is also looking to diversify its activities by developing and taking partial ownership stakes in a select number of long-term infrastructure projects in Egypt. IFC is considering supporting the Group’s growth by investing up to US$15 million as senior debt and US$15 million as equity/quasi-equity.

Associated Advisory Engagement

IFC’s Corporate Governance Advisory Services team has also engaged with the Company to undertake a review of its corporate governance policies and procedures and also advise on approach to strengthening the Company’s governance policies and bring them more in line with international best practices.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation