{"id":699229,"date":"2026-05-06T00:00:00","date_gmt":"2026-05-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=699229"},"modified":"2026-05-06T02:39:13","modified_gmt":"2026-05-06T02:39:13","slug":"hassan-allam-wins-contract-for-mopcos-damietta-complex-overhaul","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/06\/hassan-allam-wins-contract-for-mopcos-damietta-complex-overhaul\/","title":{"rendered":"Hassan Allam wins contract for Mopco\u2019s Damietta complex overhaul"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Hassan Allam lands Mopco revamp contract<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Hassan<\/strong><strong> Allam Construction secured a contract to <\/strong><strong>overhaul Mopco\u2019s<\/strong><strong> fertilizer complex in Damietta Freezone<\/strong>, taking over civil, mechanical, electrical, and instrumentation works for the facility, it said on <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/hassanallamholding-hassanallamconstruction-share-7456625691678187521-GYK8\/\" style=\"\">LinkedIn<\/a>. The project will involve revamping three existing urea plants to expand production capacity and build a new CO2 recovery unit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>This couldn\u2019t have come at a better time. Global urea export prices skyrocketed up to USD 890 per ton in mid-March <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/egypt-manages-dual-food-and-fertilizer-crisis-as-hormuz-storm-hits\/\" style=\"\">nearly double their<\/a> pre-crisis baseline. While prices have dipped since then, Egyptian manufacturers are still well-positioned to help fill this massive global supply vacuum. Mopco's revamp and expansion will allow them to capture a larger slice of the export market and lock in hard currency windfalls.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> Cooling the corridor<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Algerian home appliances giant <\/strong><strong><a target=\"_blank\" href=\"https:\/\/condor.dz\/\" style=\"\">Condor<\/a><\/strong><strong> is pouring an initial USD 25 <\/strong><strong>mn into a<\/strong><strong> new 15k sqm integrated air conditioning factory in Sixth of October City<\/strong>, <a target=\"_blank\" href=\"https:\/\/amwalalghad.com\/2026\/05\/04\/%D9%83%D9%88%D9%86%D8%AF%D9%88%D8%B1-%D8%A7%D9%84%D8%AC%D8%B2%D8%A7%D8%A6%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B6%D8%AE-25-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%84%D8%A5\/\" style=\"\">Amwal Alghad<\/a> reports, citing Commercial Director Ahmed Abdel Monem. The facility, slated for completion within three years, is designed to ramp up the company's local output to 100k units annually \u2014 capturing a targeted 5% share of Egypt\u2019s 1.2 mn-unit market \u2014 while simultaneously serving as a launchpad for regional exports to Saudi Arabia and Sudan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> The Algerian firm \u2014 which currently manufactures Beko and Hisense air conditioning units for the local market \u2014 is using its access to Egypt's favorable trade agreements --- including lower tariffs and faster turnaround times--- to reach target markets like Saudi Arabia and Sudan. This means fresh FDI for us, an increase in localized manufacturing, and a stronger foothold in the Red Sea corridor as an industrial launchpad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Bedaya closes securitization program<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EFG Finance\u2019s <\/strong><strong>Bedaya<\/strong><strong> Mortgage Finance completed an EGP 1.91 bn <\/strong><strong>securitized bond issuance<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/257.pdf\" style=\"\">statement (pdf)<\/a>. The issuance --- which is the eighth since its inception and the sixth under its securitization program --- was structured across four tranches with tenors ranging from 13-81 months and credit ratings between AA and A-.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors: <\/strong>Our friends EFG Hermes was sole financial advisor, issuance manager, bookrunner, underwriter, and arranger. NBE, Banque du Caire, CIB, SAIB, and ABK underwrote, with United Bank in the subscription. Banque du Caire was receiving bank, ADCB custodian, El Dereny & Partners counsel, Baker Tilly auditor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">The House greenlights JPY loan for Metro Line 4<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The House of Representatives signed off on a JPY 100 bn (c.USD 630 <\/strong><strong>mn) facility from the Japan International Cooperation Agency (JICA)<\/strong> to fund the fourth tranche \u2014 linking Sixth of October City to the Grand Egyptian Museum and the Pyramids \u2014 of Cairo Metro Line 4's first phase, according to a <a target=\"_blank\" href=\"https:\/\/www.parliament.gov.eg\/News_Show.aspx?frm=5761\" style=\"\">statement<\/a>. The terms are concessional by any measure: 30-year tenor, 10-year grace period, and a 0.75% annual interest rate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Algeria\u2019s Condor to invest USD 25 mn in Sixth of October AC plant<\/p>\n","protected":false},"author":1,"featured_media":699230,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[535,111,7107,72,8553,274,65,892,131,1434],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-699229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-algeria","tag-also-on-our-radar","tag-efg-holding","tag-enterpriseam","tag-hassan-allam-construction","tag-house-of-representatives","tag-investment","tag-jica","tag-manufacturing","tag-mopco","wpautop","entry"],"acf":{"mongo_id":"57037044-dc49-4d6b-bece-a29ef7e27df2","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/3\/1236.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mopco taps Hassan Allam for urea plant revamp","related_issue":[699211],"teaser":"Plus: Algeria\u2019s Condor to invest USD 25 mn in Sixth of October AC plant"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hassan Allam wins contract for Mopco\u2019s Damietta complex overhaul - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/06\/hassan-allam-wins-contract-for-mopcos-damietta-complex-overhaul\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hassan Allam wins contract for Mopco\u2019s Damietta complex overhaul\" \/>\n<meta property=\"og:description\" content=\"Plus: Algeria\u2019s Condor to 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