Hassan Allam 1

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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.