Hassan Allam locks in Modon’s luxury hotel and branded villas

Hassan Allam tapped for Montage Ras El Hekma: Modon Ras El Hekma — the local arm of Abu Dhabi’s Modon Holding — awarded Hassan Allam Construction the contract to build the Montage Hotel & Branded Residences at Ras El Hekma, according to a statement (pdf). The project features a 200-key Montage-branded hotel, 96 branded residence villas, a clubhouse, and supporting infrastructure in Wadi Yemm. The award builds on a November 2024 MoU between Hassan Allam and Modon to cooperate on infrastructure, energy, and water and wastewater treatment projects at the coastal megaproject.

A growing footprint: The Montage project marks Hassan Allam’s third major mandate at Ras El Hekma, alongside its ongoing work on the 17-kmRing Road and dry bulk excavation for the 5.3-km Grand Canal.

Pension pot

KafIns.’ pension assets under management (AUM) have topped EGP 1 bn a little over a year after launch, the EFG Finance-GB Corp JV said in a statement (pdf). The company expects pension AUM to approach EGP 2 bn by the end of this year, helped by employer adoption and a planned Pension V2 rollout — the next phase of its pension platform — that will add individual top-ups, new investment options, and life ins. Pension revenues hit EGP 600 mn in 2025, accounting for roughly half of the company’s total top line, which exceeded EGP 1.2 bn.

REMEMBER- Kaf launched its digital pension platform last year, targeting corporates and employees with contribution tracking, investment-return visibility, and HR dashboards.