Hassan Allam Properties Plans US$ 296 Million Project Expansion in Egypt

Hassan Allam Properties

Egypt: Hassan Allam Properties plans to execute new projects worth US$ 296 million in 2026 and will introduce a hospitality brand to manage its expanding hotel portfolio. The company is diversifying beyond residential developments into hospitality, sports, and education through partnerships with local and international entities. Four hotels with a combined capacity of around 700 rooms are under development in New Cairo, 6th of October City, and the North Coast, with operations expected to start in 2028 and 2029.

The firm currently manages a portfolio of over 25 projects and is focusing on completing eight ongoing developments in Mostakbal City, the North Coast, and El Gouna. Management noted that Egypt real estate sector is supported by population growth, with project prices expected to rise by 5% to 10% during the current year.

Source: Zawya