Modon, Hassan Allam in Ras El Hekma collaboration deal
ABU DHABI, 7 hours, 4 minutes ago
Abu Dhabi-based Modon Holding has announced a strategic partnership with Hassan Allam Holding to explore collaboration in Egypt's Ras El Hekma project.
The MoU is aimed at enhancing cooperation in the construction sector, including infrastructure, energy, and water and wastewater treatment among others.
On this collaboration, Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding, said: "This agreement 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."
Another area of cooperation is in construction and execution, whereby Hassan Allam Holding can potentially offer turnkey construction solutions while ensuring high standards of safety, quality, and sustainability for Modon’s projects.
"We are proud to partner with Modon, combining our construction expertise with their visionary projects," remarked its Group CEO Hassan Allam.
"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 added.
Bill O'Regan, Group CEO of Modon Holding, said this collaboration will add further depth to the already existing partnerships for the Ras El Hekma project.
"This partnership will further enhance Modon’s capacity to deliver vibrant lifestyle communities creating short-term impact and long-term value for Modon’s residents and guests," he added.-TradeArabia News Service
