Hassan Allam Construction receives two Best Projects recognitions in the 2026 ENR Global Best Projects Awards

Two Hassan Allam Construction projects were named Best Projects in the 2026 ENR Global Best Projects Awards, according to a company statement (pdf). The 6th of October Purification Plant, phases 1 and 3, claimed the award in the Water/Wastewater category (Phase 3 alone carries a capacity of 400k cbm / day). The second recognition — Hassan Allam’s turnkey Kaust Coral Reef Initiative — was earned in the Education/Research category. The project includes the primary coral nursery facility, boat jetty and marina, and a specialized life-support system backing coral propagation and reef restoration.

REMEMBER- Hassan Allam landed the Kaust coral-restoration contract in 2024, when the wider initiative was targeting the restoration of 100 hectares of Red Sea coral. The latest recognition marks the project’s move from contract award to delivered work.

FRA wants a live feed

Consumer finance companies will have to plug their databases directly into the Financial Regulatory Authority (FRA), according to a regulator statement. The regulator has six months to issue the technical rules for the connection, with no deadline disclosed yet for companies to complete the integration.

The FRA is asking for a wider view than borrower credit alone. The link will feed it customer data once financing is approved, purchases of goods and services in real time, classifications of financed products and customers by repayment behavior, and indicators on the financing company’s own solvency. This aims to give the regulator a more current view of both lending activity and lender risk.

IN CONTEXT- The new link complements the real-time reporting architecture rolled out earlier this month, which requires consumer- and MSME-finance providers to report financing events throughout the credit lifecycle directly to I-Score and sits alongside OTP-based customer verification and behavioral credit scoring. The real-time architecture updates the borrower’s credit record, while the latest measure gives the FRA its own direct supervisory data feed.

More on our radar:

• Industrial SMEs will get access to locally developed ERP systems on monthly subscriptions under a new cooperation agreement between the Industry Ministry’s technical arm — the Industrial Modernization Center (IMC) — and digital consulting firm Corporate Stack Solutions. Neither side disclosed pricing, factory targets, or a rollout date. (IMC statement)