Hassan Allam opens up Saudi HQ: Our friends at Hassan Allam Holding yesterdayinaugurated their regional headquarters in Riyadh after securing its investment license from the Saudi Investment Ministry, the group said in a statement (pdf). The new headquarters comes as part of the group’s plan to expand across the Middle East and Africa.

Based in the kingdom, but international in outlook: The new HQ will “play a critical role in steering [the company’s] international activities across the Middle East and Africa, equally, on the construction as well as the investment and development aspects of [the] business,” co-CEO Amr Allam said.

Remember: The group’s real estate arm Hassan Allam Properties earlier this week inked anMoU with Saudi real estate player Sumou Holding to set up a JV to open up cross-border investments for the companies in Egypt and Saudi Arabia and to share expertise.

Presence in over ten countries and counting: Hassan Allam Group operates in over tenmarkets, including Egypt, KSA, UAE, Oman, Libya, Jordan and Algeria, with plans to step foot into other countries in the region in the future, the company said.

What they said: “With a backlog exceeding USD 5.5 bn and the international portioncompromising 30% of it, the launch of our regional headquarters in Riyadh signifies a monumental step towards consolidating our international operations,” CEO Hassan Allam said.

ALSO- The company is pursuing projects in the Emirates as part of its goal of doubling the size of its regional operations, Allam said separately.

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