The European Bank for Reconstruction and Development has approved a 25 million loan to Hassan Allam Holding, giving the Egyptian engineering and construction group fresh financing to upgrade equipment and expand capacity at its main operating arm.
The bank said the funds will support capital spending and machinery investment at Hassan Allam Construction, the groups largest subsidiary, as it looks to strengthen operations in Egypt.
Beyond growth, the financing carries a clear climate angle. The EBRDs project summary says the company plans to replace diesel powered equipment with electric alternatives, part of an effort to decarbonise its operations and cut emissions on worksites. The bank classified the project as green, with a transition impact score of 60.
